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Sage Geosystems Announces Funding for Next-generation Geothermal Power Generation Project

LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.

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Origis Energy Announces Agreement with Meta for Greyhound A Solar Project in West Texas

LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.

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Industry News

NRC Approves License Transfers in Unicom-Peco Merger

LCG, Aug. 7, 2000--The Nuclear Regulatory Commission said Friday it has approved the transfer of operating licenses for 20 commercial nuclear reactors from Commonwealth Edison Co. and Peco Energy Co. to Exelon Generation Co.

Exelon Generation will be a subsidiary of the new holding company formed by the pending merger between ComEd and Peco.

Affected by the approval are 13 ComEd reactors, including two at the permanently-shuttered Zion plant and the Dresden Unit 1 reactor, which is also permanently shut down. Five Peco reactors are affected, including Peach Bottom Unit 1, which is permanently shut down.

Salem Units 1 and 2 were also affected by the approval because Peco has an ownership interest in them, though they are operated by Public Service Electric & Gas Co.

The NRC said notices of the requests for approval and for an opportunity for a hearing were published in the Federal Register on March 9. The Commission received no comments or hearing requests. The technical staff's approval becomes effective immediately.

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