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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

Heat Returns to Pressure State Power Reserves

LCG, Sept. 18, 2000--The California Independent System Operator was facing another day of thin reserve power supply margins today with a forecast peak demand of nearly 44,000 megawatts, as another heat wave moved in on the state over the weekend.

At dusk yesterday evening, the temperature in Palo Alto was 90, and that was on our front porch.

For today, a heat advisory was issued a 3:30 a.m. for the entire San Francisco and Monterey Bay Areas with highs predicted in the 90s at the beaches and as high as 110 inland. Record highs were expected to continue into tomorrow.

For Los Angeles, highs were predicted from the mid to upper 70s near the coast to the high 80s inland. In San Diego, where high temperatures have meant high electric bills and short tempers, it was expected to be in the 70s near the ocean and in the 90s inland.

California's Central Valley will sizzle this afternoon, with temperatures reaching 107 at Redding in the north and 102 in Bakersfield in the south. At Sacramento, the state capital, highs today were forecast at 105.

Temperatures in all of these places are expected to be two or three degrees higher tomorrow and Cal-ISO is guessing that it will need about 45,000 megawatts to serve peak demand, with nothing in reserve.

At 9:30 a.m. Pacific Time today, Cal-ISO issued a "power watch" bulletin, which it said was the first of several expected this week.

At 11:00 a.m. this morning, it was 84 degrees on our front porch and the sun hadn't hit that side of the house as yet.

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