DOE backs Ormat Technologies geothermal projects
Published on 10/17/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGeothermal projects and key dates
- Ormat Technologies announced up to USD 35.00 million in DOE funding on September 24, 2026.
- The Dixie Valley project was selected for up to USD 25.00 million in funding on September 24, 2026.
- The Cove Fort project was selected for up to USD 9.70 million in funding on September 24, 2026.
Ormat Technologies announced on September 24, 2026, that it had been selected for up to USD 35.00 million in U.S. Department of Energy funding for geothermal development projects in Nevada and Utah.
Market context: Market report S&P 500.
The week in figures
The September 24 announcement identified up to USD 25.00 million for the Dixie Valley project and up to USD 9.70 million for the Cove Fort project. The awards remained subject to completion of award negotiations with the DOE, according to the company release.
Geothermal project development
At Dixie Valley in Nevada, the funding is intended to support the design, drilling, testing and validation of an enhanced geothermal systems doublet. At Cove Fort in Utah, the funding is intended to support drilling and subsurface characterization. The company said the projects are being developed with SLB and the University of Utah.
Dates of the coming week
The company topic page lists November 4, 2026, as the date for Ormat Technologies' third-quarter results. The date is beyond the coming week and is included only as the next listed reporting date.
Weekend trading
The further course of weekend trading at Lang & Schwarz until 1:00 p.m. CET/CEST is shown by the continuously updated real-time quote of Ormat Technologies stock.
