Intelligence Feed event · Policy · 2026-09-25

    Ormat Selected for $35M in DOE Grants for Nevada and Utah Geothermal Projects

    Question

    Ormat Selected for $35M in DOE Grants for Nevada and Utah Geothermal Projects

    Direct answer

    Ormat Technologies has been awarded up to $35 million from the U.S. Department of Energy to advance advanced geothermal generation projects. The funding allocation designates $25 million for Enhanced Geothermal Systems at Dixie Valley in Nevada and $9.7 million for hydrothermal development at Cove Fort in Utah. The federal co-funding supports front-end capital de-risking as operators seek 24/7 firm clean power resources to support industrial and utility grid stability.

    Original publisher
    Market Ontology
    Evidence through
    2026-09-25
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Ormat Selected for $35M in DOE Grants for Nevada and Utah Geothermal Projects”, revision 1, evidence through 2026-09-25. https://marketontology.com/market-events/2026-09-25/ormat-selected-for-35m-in-doe-grants-for-nevada-and-utah-geothermal-projects-5f793a

    POLICY
    Ormat Selected for $35M in DOE Grants for Nevada and Utah Geothermal Projects
    Ormat Technologies has been awarded up to $35 million from the U.S. Department of Energy to advance advanced geothermal generation projects. The funding allocation designates $25 million for Enhanced Geothermal Systems at Dixie Valley in Nevada and $9.7 million for hydrothermal development at Cove Fort in Utah. The federal co-funding supports front-end capital de-risking as operators seek 24/7 firm clean power resources to support industrial and utility grid stability.
    ORA
    Impact
    69
    SEP 25
    SIG
    90%
    ORA
    Ormat Selected for $35M in DOE Grants for Nevada and Utah Geothermal Projects
    Ormat Technologies has been awarded up to $35 million from the U.S. Department of Energy to advance advanced geothermal generation projects. The funding allocation designates $25 million for Enhanced Geothermal Systems at Dixie Valley in Nevada and $9.7 million for hydrothermal development at Cove Fort in Utah. The federal co-funding supports front-end capital de-risking as operators seek 24/7 firm clean power resources to support industrial and utility grid stability.
    → Federal grant awards offset front-end exploratory and drilling capital expenditures, de-risking base-load clean generation assets.
    Impact
    Ormat Technologies has been awarded up to $35 million from the U.S. Department of Energy to advance advanced geothermal generation projects. The funding allocation designates $25 million for Enhanced Geothermal Systems at Dixie Valley in Nevada and $9.7 million for hydrothermal development at Cove Fort in Utah. The federal co-funding supports front-end capital de-risking as operators seek 24/7 firm clean power resources to support industrial and utility grid stability.
    Affected
    ORA
    Transmission
    Federal grant awards offset front-end exploratory and drilling capital expenditures, de-risking base-load clean generation assets.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    ORAdirect federal grant subsidization of project capexUp1-3mSelected for up to $35M in DOE grant funding.

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    What happened next

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