Intelligence Feed event · Policy · 2026-09-25

    Ormat Technologies Selected for $35M in DOE Funding for Geothermal Projects

    Question

    Ormat Technologies Selected for $35M in DOE Funding for Geothermal Projects

    Direct answer

    The U.S. Department of Energy selected Ormat Technologies to receive up to $35 million in federal funding. The capital allocation is divided between $25 million for EGS expansion at Dixie Valley, Nevada, and $9.7 million for hydrothermal systems at Cove Fort, Utah.

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

    Cite as: Market Ontology, “Ormat Technologies Selected for $35M in DOE Funding for Geothermal Projects”, revision 1, evidence through 2026-09-25. https://marketontology.com/market-events/2026-09-25/ormat-technologies-selected-for-35m-in-doe-funding-for-geothermal-projects-5f5895

    POLICY
    Ormat Technologies Selected for $35M in DOE Funding for Geothermal Projects
    The U.S. Department of Energy selected Ormat Technologies to receive up to $35 million in federal funding. The capital allocation is divided between $25 million for EGS expansion at Dixie Valley, Nevada, and $9.7 million for hydrothermal systems at Cove Fort, Utah.
    ORA
    Impact
    61
    SEP 25
    SIG
    90%
    ORA
    Ormat Technologies Selected for $35M in DOE Funding for Geothermal Projects
    The U.S. Department of Energy selected Ormat Technologies to receive up to $35 million in federal funding. The capital allocation is divided between $25 million for EGS expansion at Dixie Valley, Nevada, and $9.7 million for hydrothermal systems at Cove Fort, Utah.
    → Direct federal grant disbursements subsidize capex for enhanced geothermal power projects, de-risking utility-scale baseload deployment.
    Impact
    The U.S. Department of Energy selected Ormat Technologies to receive up to $35 million in federal funding. The capital allocation is divided between $25 million for EGS expansion at Dixie Valley, Nevada, and $9.7 million for hydrothermal systems at Cove Fort, Utah.
    Affected
    ORA
    Transmission
    Direct federal grant disbursements subsidize capex for enhanced geothermal power projects, de-risking utility-scale baseload deployment.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    ORAdirect government grant subsidy de-risking project capexUp1-4wOrmat selected for up to $35 million in DOE funding for Nevada and Utah geothermal sites.

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    What happened next

    Price follow-up pending — no stored daily closes for these assets yet.

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