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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

Calpine to Build 600 Megawatt Colorado Plant

LCG, March 23, 2001Calpine Corp. yesterday announced plans to build, own and operate a 600 megawatt power plant to be located northeast of Denver, Colo., near the town of Hudson. Construction of the proposed Rocky Mountain Energy Center is scheduled to begin next year with commercial operation penciled in for May 2004.

Calpine said it has an agreement with Xcel Energy Corp. for the former Public Service Co. of Colorado to take up to all 600 megawatts of the plant's output for a period of 10 years. Xcel will manage the purchase and delivery of natural gas fuel for the plant over the term of the agreement.

The facility will consist of two gas-fueled combustion turbines operating in combined-cycle with a single steam turbine and employ advanced emissions control equipment.

Todd Anderson, community service manager for Xcel, said "The facility's location and design support our electrical system's reliability and efforts to provide affordably priced electricity."

Calpine said it will manage all aspects of project development for the new power plant, including engineering and design, construction, and operations. The project will interconnect to the local power grid via transmission lines already serving Xcel.

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