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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

Government to Make 'Green' Power Mandatory

LCG, Oct. 5, 2000Stephen Byers, the British secretary for trade and industry, was expected to tell electric companies in the United Kingdom today that they must increase their use of renewable energy sources by almost seven times within 10 years or face stiff fines.

About 3 percent of Britain's power can currently be said to be from so-called renewable sources, and half of that comes from large hydroelectric facilities, which would be excluded under Byers' manifesto.

The proposals would require that the companies increase the portion of their power portfolios represented by wind power, solar energy, landfill gas and small hydro facilities of less than 10 megawatts from a national average of 1.5 percent to 10 percent by the year 2010.

Half of that goal would have to be reached by 2005.

Byers plan, which would replace a modest existing non-fossil obligation, would include a certificate trading mechanism under which companies with a surplus of green generation could sell credits to those with a shortage.

Electricity suppliers unwilling to meet Byers' goals would pay a penalty of 3 pence (about 4 cents U.S.) per kilowatt-hour.

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