The U.S. Department of Energy (DOE) selected Ormat Technologies for up to approximately $35 million to advance two geothermal projects. The awards remain subject to completion of negotiations with the DOE.
Up to $25 million is designated for an Enhanced Geothermal Systems (EGS) project at Ormat’s Dixie Valley geothermal site in Nevada. The project is being developed with the University of Utah and SLB.
Up to $9.7 million will support drilling and subsurface characterization at the Cove Fort geothermal project in Utah, in partnership with the University of Utah. The projects aim to demonstrate the commercial viability of new geothermal technologies.