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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

PG&E Gets Green Light for Big Arizona Plant

LCG, Aug. 16, 2000--PG&E Corp. said yesterday it had received unanimous approval from the Maricopa County (Ariz.) Board of Supervisors for a special use permit for its Harquahala Generating Project west of Phoenix.

The special use permit allows PG&E Corp. to build and operate the 1,040 megawatt facility which, the company says, will help alleviate electricity shortages in the western U.S. "We're in an excellent position to begin construction before year-end," said Thomas B. King, chief operating officer of the western region of PG&E Corp.s National Energy Group. He said the plant is scheduled to begin commercial operation in 2003.

The plant still requires approval from the U.S. Bureau of Land Management, a Maricopa County air quality permit and a water quality permit.

PG& Corp. said the plant will use a zero liquid discharge system to minimize water consumption and the creation of wastewater. This system treats and recycles the water more than 300 times. It will be a modern, natural gas-fired combined-cycle generating station, the company said.

During the county hearings, several residents from Harquahala Valley testified in support of the project, including landowners and community leaders. Randy Long, Harquahala Valley Fire Chief, told the supervisors "I've visited a similar plant in Oregon, twice, and I was impressed with its operation, cleanliness and concern for safety."

The Harquahala Valley ought to welcome the project. The plant will generate between $8 million and $10 million in annual property taxes and there will be about 350 construction workers spending their money locally while it is being built.

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