Key facts
- Ormat Technologies secured $2.29 million in winning bids for eight geothermal lease parcels in Nevada.
- The US geothermal lease auction in Nevada generated nearly $4.5 million in total bids.
- Invenergy was the largest winner by acreage, acquiring nine parcels.
- The auction offered 83 land parcels, with bids placed on 60 of them.
A geothermal energy lease auction in Nevada, promoted by the Trump administration as a way to meet electricity demand for AI expansion, attracted nearly $4.5 million in winning bids. The Bureau of Land Management offered 83 land parcels, with developers bidding on 60 of them. Ormat Technologies was the top spender, securing eight parcels covering about 20,000 acres for $2.29 million, nearly half of the total bids. Invenergy acquired nine parcels totaling 37,000 acres for $694,947, making it the largest winner by acreage. Glovate LLC secured six parcels for $570,601.