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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

AEP to Build 900 Megawatt Cogenerator for Dow

LCG, Jan. 22, 2001American Electric Power Co. said this morning that it had signed a deal with Dow Chemical Co. for AEP to develop and build a 900 megawatt cogeneration plant at Dow'sPlaquemine, La., chemical complex.

Dow will operate the plant, which will provide steam to the chemical plant and handle some of its electricity needs. AEP said it has reached a 20-year agreement to sell up to 900 megawatts from the facility to Tractebel Energy Marketing Inc., subsidiary of the Belgian energy and services giant.

"This project is another example of AEP's ability to successfully link its technical and commercialskills to meet our customers' needs," said Paul Addis, an executive vice president.

Dow's energy business director, Bill Jewell, said "This power plant will enable Dow to be more energy efficient and allow us to grow to meet the needs of our customers."

Construction of the $325 million facility will begin this year, with startup scheduled for early 2003.

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