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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

PSEG Requests Permits for 750 Megawatt New York Plant

LCG, May 8, 2001--Public Service Enterprise Group Inc. said yesterday that an ad hoc subsidiary has filed permit applications in New York State for its proposed Bethlehem Energy Center, a 750 megawatt natural gas-fueled, combined-cycle power plant just south of Albany, N.Y.

The new plant will be built on the site of and replace the 400 megawatt Albany Stream Station PSEG acquired last year from Niagara Mohawk Power Corp. The primary fuel for that four-unit plant has been fuel oil.

PSEG said the new plant will not only produce nearly 90 percent more power, it will reduce emissions of sulphur dioxide and oxides of nitrogen by as much as 98 percent. It will also reduce use of Hudson River water by 98 percent to 99 percent.

The company said it expects to have the $400 million project commence commercial operation in late 2003 to mid-2004.

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