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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

Cinergy to Build Replacements for BP Power Plants

LCG, Feb. 13, 2001Cinergy Corp. said yesterday its Cinergy Solutions unit would build and operate 800 megawatts of new generation at two Texas facilities belonging to BP Amoco Plc. The new units will replace aging power plants and will cut emissions significantly, the company said.

Cinergy said new natural gas-fueled cogeneration units would be installed at BP's Texas City and Chocolate Bayou refinery and chemical plants, providing more than 3.5 million pounds of process steam per hour to the petroleum giant's operations.

"Our record is to offer the most efficiently produced, reliable energy we can at the lowest possiblecost," Steve Harkness, Cinergy Solutions' president and chief operating officer said in a news release. "We know that it's possible to achieve efficiency while making environmental excellence and safety priorities."

The Chocolate Bayou project is expected to be completed in 2002 and that of Texas City in 2004.

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