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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

Southern Unit Plans Increase in Europe Generation

LCG, Feb. 15, 2001Mirant Corp. said this morning at a company press conference in Berlin that it was seeking significant increases in generation capacity on the Continent by 2006.

"We plan to raise our European power generation capacity to 12,000 megawatts from currentlyaround 1,000 megawatts over the next five years," spokesman Markus Baluska said. "The expansion will be made through acquisitions and co-operation agreements with existing producers as well as through new plant projects."

Mirant has already placed orders for turbines for nine cogeneration plants with a combined capacity of about 3,500 megawatts. That equipment is scheduled to be delivered by early 2004.

Stefan Sprick-Schuette, chief of Mirant's German operations said the company was looking at Scandinavia, Germany, Switzerland and Italy.

Mirant is the inexplicable new name chosen for the former Southern Energy. It is still a subsidiary of The Southern Co.

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