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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

Diesel Problems Keep Seabrook Off-line

LCG, Dec. 15, 2000--The 1,150 megawatt Seabrook nuclear power plant in southeastern New Hampshire shut down October 21 to refuel and was expected back on-line by November 21, but continuing problems with a back-up diesel generator have prevented a restart and it appears they will continue to do so, a minority owner of the plant said yesterday.

Bay Corp Holdings Ltd., the parent company for Great Bay Power Corp. and Little Bay Power Corp., said that repairs to the diesel had been expected to be accomplished by the middle of this month, but haven't been. When mechanics tested one of the diesel generators recently, they broke it.

Seabrook is mostly owned by Northeast Utilities subsidiary Public Service Co. of New Hampshire and is operated by North Atlantic Energy Service Corp. North Atlantic is now projecting that the plant will be returned to service at the end of January.

Bay Corp got out a news release to explain the outage is costing it a lot of money for replacement power it must purchase at high rates to cover the 174 megawatts it isn't getting from Seabrook.

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