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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

Connecticut to Install 1.2 Megawatt Fuel Cell System

LCG, March 28, 2001The largest fuel cell electric generation system built to date will be installed at the Connecticut Juvenile Training School in Middletown, Conn., a subsidiary of Northeast Utilities said yesterday.

Select Energy Group, Northeast's unregulated generation unit, said it has been awarded a contract to install sic 200 kilowatt fuel cells at the reform school. The fuel cells will be manufactured by International Fuel Cells, a subsidiary of Hartford-based United Technologies Co.

Select Energy will operate and maintain the $18 million system under a 20-year contract that has a 10-year renewal option. The arrangement is expected to produce about $2 million a year in revenues, the company said. The installation is expected to be completed in September.

The fuel cell system will not only provide 1.2 megawatts of power for the school, it will provide 9 million British thermal units per hour of hot water and 680 tons of chilled water. In all, it will supply all of the electric, heating and cooling needs for 227,000 square feet of buildings, including residences and a greenhouse.

Select Energy will also provide natural gas to operate the fuel cells and to fuel backup combustion generators. Other units of Northeast utilities will service the fuel cells, boilers and chiller systems.

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