EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Deal With Power Crisis Now, New York City Urged

LCG, Jan. 26, 2001A group of New York City business and civic leaders yesterday called for quick and decisive government action to prevent a budding energy crisis that could result in devastating blackouts, the New York Daily News reported today.

"What's happening in California can happen here in New York," said John Gilbert, co-chairman of the New York Building Congress Energy Committee, in releasing a 28-page report warning that the Big Apple faces a critical shortage of 2,000 to 3,000 megawatts of electricity over the next five years.

The study warns that the power deficit would result in rolling blackouts, soaring electricity prices and businesses leaving the city.

In addition to the Building Congress, the group is made up of the Association for a Better New York, the Building and Construction Trades Council, the New York City Partnership and the Real Estate Board. Among the proposal contained in their report are accelerating conservation programs, creating time-or-day electricity pricing and expediting the power plant siting process.

The Daily News talked to Leonard Impastato, a vice president of Fischbach & Moore Electric in Queens, who said "Government has to take a real strong approach to getting siting approval on these plants. We need to cut down the approval time."

The paper also interviewed Susan Stetzer, a member of Communities United for Responsible Energy, who called any proposal to further streamline the regulatory process "totally outrageous."

Steven Spinola, president of the Real Estate Board, said neighborhood groups are "going to raise their voices a lot louder" when they can't turn their lights on.

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service