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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

Iowa House Passes Power Plant Measure

LCG, April 4, 2001The lower chamber of the Iowa legislature has approved 55-44 a measure that would make it easier to build new power plants in the state. The vote came at 11:30 p.m. Monday after five hours of mostly partisan debate.

Republican said the legislation would help Iowa avoid the fate of California, which suffers from an insufficiency of power supply. "It's not the kind of issue where I think we can postpone it for a year," said House Majority Leader Christopher Rants, a Sioux City Republican. "I don't want to have a study for a year because we get ever closer to the point where we are out of capacity."

Democrats called the bill "back-door deregulation," saying it would allow utilities serving the state to purchase power from their own unregulated affiliates and resell it to Iowans at higher prices. Rep. Bill Dotzler, a Waterloo Democrat, called the bill "a sneaky snake that will come around and bite Iowa consumers."

The bill now moves to the state Senate, where it must be approved in committee this week or be dead for the current session. Even if the Senate passes the measure, it is uncertain at best whether Gov. Tom Vilsack will sign it.

The last time he commented on the legislation, the governor said "This bill does not address, in any meaningful way, issues relating to renewable energy or alternative energy sources."

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