SLB and Ormat Partner to Accelerate Integrated Geothermal Asset Development and Enhanced Geothermal Systems
Ormat Technologies (NYSE: ORA) and SLB (NYSE: SLB) announced a strategic partnership on October 27, 2025 to accelerate integrated geothermal asset development and commercialize enhanced geothermal systems (EGS).
The agreement covers joint technology and project development, construction of an EGS pilot at an existing Ormat site, and a plan to scale commercial EGS for independent power producers, utilities and data center customers. The partners aim to validate commercial-scale EGS and de-risk technical and economic barriers to rapid deployment.
The release cites a U.S. Department of Energy estimate that next-generation geothermal could provide 90 GW by 2050 and potentially up to 300 GW in the U.S., underscoring market opportunity for scalable EGS.
Ormat Technologies (NYSE: ORA) e SLB (NYSE: SLB) hanno annunciato una partnership strategica il 27 ottobre 2025 per accelerare lo sviluppo integrato di asset geotermici e commercializzare sistemi geotermici migliorati (EGS).
L'accordo comprende sviluppo congiunto di tecnologia e progetti, la costruzione di un pilota EGS presso una sede Ormat esistente e un piano per scalare l'EGS commerciale per produttori indipendenti di energia, servizi pubblici e clienti data center. I partner mirano a validare l'EGS a scala commerciale e a ridurre i rischi tecnici ed economici per una rapida diffusione.
Il comunicato cita una stima del Dipartimento dell'Energia degli Stati Uniti secondo cui la geotermia di nuova generazione potrebbe fornire 90 GW entro il 2050 e potenzialmente fino a 300 GW negli Stati Uniti, sottolineando l'opportunità di mercato per l'EGS scalabile.
Ormat Technologies (NYSE: ORA) y SLB (NYSE: SLB) anunciaron una asociación estratégica el 27 de octubre de 2025 para acelerar el desarrollo integrado de activos geotérmicos y comercializar sistemas geotérmicos mejorados (EGS).
El acuerdo cubre desarrollo conjunto de tecnología y proyectos, construcción de un piloto EGS en una instalación existente de Ormat y un plan para escalar EGS comercial para productores independientes de energía, servicios públicos y clientes de centros de datos. Los socios buscan validar EGS a escala comercial y reducir los riesgos técnicos y económicos para un despliegue rápido.
El comunicado cita una estimación del Departamento de Energía de EE. UU. de que la geotermia de próxima generación podría proporcionar 90 GW para 2050 y potencialmente hasta 300 GW en EE. UU., subrayando la oportunidad de mercado para EGS escalables.
Ormat Technologies (NYSE: ORA)와 SLB (NYSE: SLB)는 2025년 10월 27일에 전략적 파트너십을 발표하여 통합 지열 자산 개발을 가속하고 향상된 지열 시스템(EGS)을 상용화합니다.
계약은 기술 및 프로젝트 개발의 공동 작업, 기존 Ormat 사이트에서의 EGS 파일럿 구축, 그리고 독립 발전사, 공기업, 데이터 센터 고객을 위한 상용 EGS 확장 계획을 포함합니다. 파트너들은 상용 규모의 EGS를 검증하고 신속한 배치를 위한 기술적·경제적 장애물을 완화하는 것을 목표로 합니다.
발표는 미국 에너지부의 추정치를 인용하며 차세대 지열이 2050년까지 90GW를 제공할 수 있고 미국에서 300GW까지 가능하다고 하여 확장 가능한 EGS의 시장 기회를 강조합니다.
Ormat Technologies (NYSE: ORA) et SLB (NYSE: SLB) ont annoncé un partenariat stratégique le 27 octobre 2025 pour accélérer le développement intégré des actifs géothermiques et commercialiser les systèmes géothermiques améliorés (EGS).
L'accord couvre le développement conjoint de technologies et de projets, la construction d'un pilote EGS sur un site Ormat existant et un plan visant à scaler l'EGS commercial pour les producteurs indépendants d'électricité, les services publics et les clients de centres de données. Les partenaires visent à valider l'EGS à l'échelle commerciale et à réduire les obstacles techniques et économiques au déploiement rapide.
Le communiqué cite une estimation du Department of Energy des États-Unis selon laquelle la géothermie de nouvelle génération pourrait fournir 90 GW d'ici 2050 et potentiellement jusqu'à 300 GW aux États-Unis, soulignant l'opportunité de marché pour l'EGS évolutif.
Ormat Technologies (NYSE: ORA) und SLB (NYSE: SLB) kündigten am 27. Oktober 2025 eine strategische Partnerschaft an, um die integrierte geothermische Asset-Entwicklung zu beschleunigen und verbesserte geothermische Systeme (EGS) zu kommerzialisieren.
Die Vereinbarung umfasst gemeinsame Technologie- und Projektentwicklung, den Bau eines EGS-Piloten an einem bestehenden Ormat-Standort und einen Plan, kommerzielle EGS für unabhängige Energieerzeuger, Versorger und Rechenzentrums-Kunden zu skalieren. Die Partner wollen EGS in kommerziellem Maßstab validieren und technische sowie wirtschaftliche Hürden für eine schnelle Umsetzung senken.
Die Mitteilung zitiert eine Schätzung des US-Energieministeriums, wonach die Geothermie der nächsten Generation bis 2050 90 GW liefern könnte und potenziell bis zu 300 GW in den USA erreichen könnte, was die Marktchancen für skalierbare EGS unterstreicht.
Ormat Technologies (NYSE: ORA) و SLB (NYSE: SLB) أعلنا عن شراكة استراتيجية في 27 أكتوبر 2025 من أجل تسريع تطوير أصول جيوتيرمالية متكاملة وتكييف أنظمة جيوتيرمالية محسّنة (EGS).
يغطي الاتفاق تطوير التكنولوجيا والمشروعات بشكل مشترك، وبناء نموذج EGS تجريبي في موقع Ormat قائم، وخطة لتوسيع نطاق EGS التجاري لمورّدي الطاقة المستقلين والمرافق وعملاء مراكز البيانات. يهدف الشركاء إلى التحقق من EGS على نطاق تجاري وتقليل المخاطر التقنية والاقتصادية للانتشار السريع.
تشير البيان إلى تقدير لوزارة الطاقة الأميركية بأن جيوثيرمال الجيل التالي قد يوفر 90 جيجاوات بحلول 2050 وربما يصل إلى 300 جيجاوات في الولايات المتحدة، مما يؤكد فرصة السوق لـ EGS القابلة للتوسع.
Ormat Technologies (NYSE: ORA) 与 SLB (NYSE: SLB) 于 2025年10月27日 宣布建立战略伙伴关系，以加速综合地热资产开发并商业化增强地热系统（EGS）。
协议涵盖技术与项目开发的联合、在现有 Ormat 设施建设 EGS 试点，以及将商业 EGS 扩展到独立发电商、公用事业和数据中心客户的计划。合作伙伴旨在验证商业规模的 EGS 并降低快速部署的技术与经济障碍。
新闻稿引用美国能源部的估计，下一代地热在<2050年前可提供90 GW，美国市场潜力甚至可达到< b>300 GW，强调可扩展 EGS 的市场机会。
- Joint EGS pilot to be built at an existing Ormat site (announced Oct 27, 2025)
- Partnership targets commercialization for utilities, IPPs and data center customers
- Partners note remaining technical and economic challenges to commercial-scale EGS
- No financial terms, binding commitments, or firm commercial timeline disclosed
Insights
Partnership to pilot and scale EGS could materially expand geothermal supply if the demonstration proves commercial.
SLB and Ormat combine subsurface engineering and power‑plant operations to de‑risk a full development chain from wells to surface facilities. The announced plan centers on an EGS pilot at an Ormat site to validate integrated technology, then pursue commercial scale‑up for utilities, IPPs and data centers.
Key dependencies include technical success of the pilot, measurable reservoir creation and operational integration with surface plants, and clear economics at scale; the release explicitly frames the pilot as a tool to "de‑risk" both technical and economic challenges. Watch for pilot technical milestones, permitting and scalability metrics and any commercial contracts following the demonstration over the next few years; the Department of Energy estimate cited targets
New Geothermal Agreement Aims to Advance Hydrothermal Projects; Develop and Deploy EHS at Scale
RENO, Nev. and HOUSTON, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Leading geothermal and renewable energy company Ormat Technologies (NYSE: ORA), and Global energy technology company SLB (NYSE: SLB) today announced an agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). EGS is the next generation of geothermal technology, meant to unlock geothermal energy in regions beyond where conventional geothermal resources exist.
Together, Ormat and SLB intend to streamline project deployment, from concept to power generation. As part of this effort, they will develop, pilot and scale EGS solutions to enable wide-scale EGS adoption. This collaboration will include the design and construction of an EGS pilot at an Ormat site.
Key Highlights:
- Joint Technology and Project Development: SLB and Ormat will co-develop and deploy integrated geothermal assets and EGS systems designed for optimal long-term performance, leveraging Ormat’s expertise in power plant design, development and operations, and SLB’s strengths in subsurface, reservoir engineering and well construction.
- EGS Pilot Project: The integrated solution will be demonstrated at an existing Ormat facility, covering all aspects of the development cycle and validating commercial-scale EGS deployment.
- Commercial Scale-Up: Following the pilot, SLB and Ormat will jointly pursue large-scale EGS commercialization for independent power producers, utilities, and other customers including data center operators.
“Ormat is pleased to partner with SLB to accelerate the development and deployment of integrated geothermal assets and next-generation EGS solutions,” said Doron Blachar, Chief Executive Officer of Ormat Technologies. “As the global energy transition progresses and AI-driven demand increases, scalable and sustainable energy solutions are more critical than ever. By bringing together the world's leading experts in subsurface and geothermal power plant technologies, Ormat and SLB will accelerate the path to rapid deployment of commercial scale EGS facilities. Our collaboration aims to advance the commercial viability of EGS technologies and represents a significant step forward in the geothermal industry. As the global leader in geothermal project development, Ormat expects to expand its development pipeline following a successful pilot and is committed to delivering reliable, sustainable, and efficient energy solutions to meet the demands of AI, data centers and the broader energy transition.”
The first joint demonstration project will fast-track the development of a complete set of new technologies and techniques needed for EGS, as well as optimizing integration with surface facilities to maximize production and sustainability.
“There is an urgent need to meet the growing demand for energy driven by AI and other factors. This requires accelerating the path to clean and reliable energy,” said Gavin Rennick, president of New Energy at SLB. “By partnering with Ormat, we will work to make both traditional hydrothermal and EGS technologies truly competitive and commercially viable systems that can scale quickly to meet global energy demand through the coming decades. Our EGS pilot project will serve as a critical platform to address both technical and economic challenges, significantly de-risking and broadening the commercial application of EGS. As a global energy technology leader, SLB is developing a strategic technology portfolio to accelerate the growth of the geothermal industry worldwide.”
Traditional geothermal systems leverage natural hot water or steam reservoirs underground, limiting geothermal technology use to certain natural conditions. EGS systems are designed to effectively create thermal reservoirs in naturally hot rock through which water can circulate, transferring the energy back to surface for the purpose of power generation, greatly expanding the potential application of geothermal energy. The U.S. Department of Energy estimates that next-generation geothermal could provide 90 gigawatts (GW) by 2050, and potentially up to 300 GW in the U.S. alone.
ABOUT ORMAT TECHNOLOGIES
With six decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,618MW with a 1,268MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 350MW energy storage portfolio that is located in the U.S.
ABOUT SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
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FAQ
What did Ormat (NYSE: ORA) and SLB announce on October 27, 2025 about EGS?
How will the Ormat and SLB EGS pilot affect ORA's development pipeline?
Will the Ormat and SLB agreement include commercial-scale projects for data centers?
Does the Ormat–SLB announcement include financial terms or a timeline for EGS commercialization?
What market potential did the announcement cite for next-generation geothermal in the U.S.?
