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The Crews & Wire — Grid Build-out (Non-AI-Specific) · The Other Watts — Non-AI Energy

ORA

Ormat Technologies
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Largest pure-play geothermal — behind-the-meter clean baseload

What they do

Operates ~1.3 GW of geothermal plants globally, with another ~1 GW in development. The only commercially proven non-nuclear, weather-independent, 24/7 clean baseload . Fervo Energy is the venture-backed competitor; Ormat is the established incumbent. Long PPA structures with hyperscalers (Google was first — others followed). Slow grower but compounding capacity quietly.