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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

North Carolina Gas Pipeline Completed

LCG, March 5, 2001Progress Energy Inc., the company formed by the merger of Carolina Power & Light and Florida Power, said this morning its North Carolina Natural Gas subsidiary has completed building the 84-mile Sandhills Pipeline across the south-central part of the state.

The 30-inch, buried steel pipeline will connect the Williams Transcontinental Interstate Pipeline in Iredell County with a natural gas-fueled power plant under construction in Richmond County, south of Hamlet. Most of the line, about 73 miles, was built on an existing NCNG pipeline corridor, with new rights of way acquired in Anson and Richmond counties.

CP&L has an agreement with Williams for long-term natural gas supply for its 620 megawatt power plant in Richmond County, which is nearing completion. The agreement is for 200 to 300 million cubic feet of gas per day.

The electric company said it will add another 625 megawatts of capacity at the power plant, bringing total output to 1,245 megawatts, planned for June 2002. With the addition of compression equipment, the gas pipeline will be expanded to handle 800 million cubic feet per day.

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