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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Iberdrola Agrees to Takeover by Endesa

LCG, Oct. 18, 2000--Iberdola, Spain's second largest electric utility, and Endesa, its first, announced yesterday that they had agreed to an $11.6 billion "friendly merger" that will create one of Europe's largest power companies.

Because the new company, to be called Endesa Iberdola, would control about 80 percent of Spanish electric generation, significant divestitures will be made to satisfy regulators. The companies said that about 15,000 megawatts of generation will be sold off, along with distribution assets serving the equivalent of 4 million customers.

"These disposals will contribute to a wider opening of the Spanish generation market by introducing three new operators in the market who will develop an important presence in the supply of electricity," the companies said in a joint statement.

The agreement scotches an unwelcome attempt by GasNatural, Spain's privatized natural gas monopoly, to take over Iberdola.

Joint chairmen of the new company will be Endesa's Rodolfo Martin Villa and Iberdrola's Inigo de Oriol e Ybarra. The chief executive of the new company would be Endesa's Rafael Miranda Robredo. The board will have 30 members, 18 to be named by Endesa and 12 by Iberdola.

The combination will also create the largest Latin American electric utility presence by a foreign firm, with approximately 12 percent of the market.

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