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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

Germany's RWE Moves Further into Dutch Gas Market

LCG, Feb. 23, 2001RWE Group of Essen, the big German electric and gas utility, said this morning that its RWE Gas AG has "further consolidated" its position in the Dutch natural gas market with the acquisition of The Netherlands' fifth-largest gas company Obragas.

RWE Gas will acquire a 90 percent interest in Obragas for 329 million euros ($298 million U.S.), subject to approval by Obragas shareholders and Dutch regulators. The economic effect of the transaction will be retroactive to Jan. 1, 2001, RWE said.

Last month, RWE acquired 90 percent of Intergas, a smaller Dutch gas company, and last year bought Nutsbedrijf Haarlemmermeer, an even smaller company. The three acquisitions give RWE a 7 percent share of the Dutch natural gas market, with about 365,000 customers.

Manfred Scholle, chief executive of RWE Gas, said the acquisition of Obragas "will strengthen the position of the RWE Group in the international gas business." The company is Germany's second-largest gas supplier and has interests in Poland, the Czech Republic, Hungary and Slovakia. Belgium may be next, according to a company spokesman.

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