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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

Sempra Plans 600 Megawatts in Mexicali, Mexico

LCG, Feb. 22, 2001A subsidiary of utility holding company Sempra Energy Inc. said yesterday it would build a 600 megawatt natural gas-fueled power plant in Mexico, in the border town of Mexicali. Sempra values the project at $350 million and said the facility should begin commercial operation by the summer of 2003.

The plant, Termoelectrica de Mexicali, will be built by Sempra Energy Resources and would be connected to the California transmission system through a 230 kilovolt interconnect. Mexicali is 10 miles south of El Centro, Calif., and about 80 miles east of San Diego.

"Electricity from this new power plant can help alleviate California's energy crisis," said Donald Felsinger, Sempra Energy group president.

Natural gas fuel for the plant will be delivered through the new North Baja Pipeline, which will begin construction this summer. In order for Termoelectrica de Mexicali's power to be exported into California, permits will be required from the Mexican Energy Regulatory Commission and the U.S. Department of Energy, but not from California regulators.

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