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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

Constellation Announces New Texas Plant

LCG, Oct. 3, 2000--Constellation Power Source said yesterday it will build an 800 megawatt, combined-cycle power plant in Seguin, Texas, between San Antonio and Austin. Commercial operation of the Rio Nogales Power Project is scheduled for June 2002.

Site clearing for the $340 million project began in July and multiple water sources for the plant are being negotiated, the company said.

Project manager Dan King said the 30-acre Seguin site where the Rio Nogales plant will be built was chosen for a number of reasons, including three natural gas pipelines that already serve the area. In addition, King said, the site includes existing transmission lines that serve the San Antonio and Austin regional markets, the Dallas market to the north, and Houston and Corpus Christi markets to the east. He said the plant will also be able to serve the Lower Colorado River Authority's service area.

Constellation Power Source is a unit of Constellation Energy Group Inc., the holding company formed by the restructuring of Baltimore Gas & Electric Co.

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