For 60 years, Ormat Technologies strategically built geothermal power plants where nature allows—over underground reservoirs of high-pressure water or steam—including around the so-called Pacific “Ring of Fire” from Asia to the Americas. Doing so made Ormat the largest geothermal operator in the world. Today, Ormat hopes to grow exponentially with the AI data center boom,
To engineer-turned-corporate executive Guillaume Lucci, there’s a straightforward solution to the Philippines’ ongoing energy emergency. “What we need is more energy of all sorts, not only more renewable energy,” Lucci, the CEO of Filipino infrastructure firm Prime Infra, tells Fortune at the firm’s headquarters in Pasay City, Manila. “We don’t see energy reliability and affordability
Asia’s energy security depends on the Strait of Hormuz, a waterway it doesn’t control, and the fallout from the return of conflict would extend well past fuel pumps. If Asia doesn’t build deeper, more liquid electricity networks now, it risks losing its slice of the AI value chain. Nearly every major Asian economy now has
