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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

Midwest ISO Seeks Independent Market Monitor

LCG, Oct. 16, 2000--The Midwest Independent Transmission System Operator Inc. announced Friday that it was seeking an independent third-party market monitor and had asked qualified firms to submit proposals by November 15.

"Using a third-party entity will ensure all participants that the markets the Midwest ISO operates in are analyzed consistently, fairly and without prejudice," said Matthew C. Cordaro, president and chief executive of the ISO.

In a news release, the ISO said it was looking for a monitor that could be independent, objective, non-discriminatory and knew how to keep proprietary information confidential.

The monitor would keep an eye on energy and capacity markets, generation market power indices, energy imbalance markets and congestion management mechanisms. The monitor will also collect data and analyze markets for potential indicators of market power such as withholding capacity or bidding hanky-panky.

"The operator (monitor?) will evaluate market participants to detect behavior that adversely affects (our) ability to provide reliable, efficient and non-discriminatory transmission service," Cordaro said.

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