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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

DPL Begins Construction on 320 Megawatts

LCG, Oct. 2, 2000The holding company for utility Dayton Power & Light Co. said on Friday that it has begun construction on four electric generation units of 80 megawatt each. The 320 megawatts of new capacity constitutes phases three and four of DPL Inc.'s peaking generation expansion strategy

The natural gas-fired combustion turbines will be located in Pickaway County, Ohio, about 25 miles south of Columbus, and will be online in time for next summer's high demand, the company said, adding that all necessary state and local approvals have been granted.

" Our management team did an excellent job in working quickly through the siting process," saidAllen Hill, president and chief executive of DPL Inc. "With construction plans on track, we look forward to a solid return on this investment in 2001."

The project is being developed by DPL Energy, an unregulated merchant power subsidiary. When complete, DPL's four-phase power expansion will have added 800 megawatts of capacity for an investment of about $270 million.

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