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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

FPL Unit May Build 500 Megawatt Louisiana Plant

LCG, April 10, 2001The Shreveport-Bossier Port Commission in Louisiana said yesterday it is in negotiations with Florida-based FPL Energy for the company to build and operate a 500 megawatt power plant at the Red River port.

The commission said that construction on the plant could begin in the spring of 2002 and the facility could begin producing power in 2003. The expected cost of the facility is between $400 million and $500 million.

FPL Energy is a subsidiary of FPL Group Inc.

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