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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

Fire During Restart Shuts San Onofre Nuke

LCG, Feb. 5, 2001The San Onofre Unit 3 nuclear power plant belonging to Southern California Edison Co. shut down automatically yesterday when a fire erupted in an electrical switching room.

The 1,120 megawatt reactor, which had just been restarted after completing a refueling outage begun January 2, was increasing power when the fire occurred. No radiation was emitted and no one was injured in the mishap, according to Ray Golden, a spokesman for the utility.

During the automatic shutdown called a "trip" all systems functioned properly. "Everything did exactly as it was designed to," Golden said.

The fire broke out 12 hours into the restart process, when the reactor was at about 40 percent of full power. Firefighters extinguished the blaze in about 30 minutes, Golden said, and the reactor itself was never endangered by the fire.

Investigations into the cause of the fire were continuing today and no estimate was available for how long repairs would take. Golden said the unit could be off-line for several weeks.

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