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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

Florida Power 530 Megawatt Plant Approved

LCG, Dec. 22, 2000--Florida Power Corp. said yesterday the Florida Public Service Commission has unanimously approved its request for permission to build a second 530 megawatt natural gas-fueled, combined-cycle power plant at the company's Hines Energy Complex in Polk County, east of Tampa.

The company said the new unit, scheduled to be in service by the end of 2003, will be a sister to the already operating Hines Unit 1 which began operations last year. The new Hines Unit 2 will be built by Siemens-Westinghouse, Florida Power said.

"Building Hines 2 is just one of the many ways Florida Power will meet its commitment to customersto provide competitively priced, reliable energy as the region continues to grow," said Florida PowerPresident William Habermeyer. "This new power plant ensures that we will be able to meet the growing energy needs of our customers."

There remains a regulatory hurdle for the new plant which requires Supplemental Site Certification from the Florida Department of Environmental Protection. The company filed for the certificate this last July and expects approval before next summer.

In California, that would take two or three years.

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