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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

Allegheny Energy to Acquire Three Enron Plants

LCG, Nov. 15, 2000--Allegheny Energy Inc. and Enron Corp. announced jointly yesterday that an Allegheny subsidiary would purchase three natural gas-fired merchant power plants in the Midwest from Enron North America for an undisclosed sum.

The 1,710 megawatts of capacity will give Allegheny Energy Supply Co. more than 12 megawatts of total capacity. The company said the purchase "marks a significant milestone on the Company's strategic course toward becoming a national energy supplier. "

The plants acquired by Allegheny, which have all been in commercial operation since June of this year, are a 546 megawatt facility in Gleason, Texas, a 508 megawatt plant in Wheatland, Ind., and a 656 megawatt plant in Manhattan, Ill.

The completion of the transaction is conditioned upon approvals from the Federal Energy Regulatory Commission, the Securities and Exchange Commission and the Justice Department, Allegheny said.

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