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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

Dominion Resources to Buy Cleveland Company

LCG, Nov. 6, 2000--Dominion Resources Inc. said Friday its Dominion Energy subsidiary has agreed to acquire Cleveland Energy Resources, a provider of steam and chilled water to downtownCleveland, for an undisclosed sum.

The sellers are Cleveland Thermal Energy Corp. and Cleveland district Cooling Corp., both subsidiaries of an Ipalco Enterprises Inc. financial unit. Dominion Resources, based in Richmond, Va., said the acquisition will increase its presence in Ohio.

"Our goal is to provide downtown Cleveland with a source of economical and reliable steam andchilled water," said Thomas F. Farrell II, chief executive of Dominion Energy. "Dominion plans to expand this system to serve new construction and additional existing buildings downtown. We also plan to invest capital in the system to make it more efficient and reliable."

Upon acquisition the business will be known as Dominion Cleveland Thermal. It will serve 100customers in downtown Cleveland, including the City of Cleveland, Cuyahoga County andCleveland State University.

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