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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 Completes Virginia Power Plant Expansion

LCG, June 7, 2001--FPL Energy, a subsidiary of FPL Group of Florida, said this morning it has begun commercial operation of a 171 megawatt expansion at its Doswell power plant in Ashland, Virginia.

Doswell is a 708 megawatt combined-cycle, natural gas-fueled merchant plant. The 171 megawatt addition will operate in simple cycle as a peaking unit, FPL said.

"We're extremely pleased to be up and running our new peaking facility. We started this projectexactly one year ago and completed it right on schedule. The expanded capacity gives us greaterflexibility to meet the growing electrical power needs of our customers," said Manny Sanchez, FPL's Doswell plant manager.

FPL said the unit can be converted to a combined-cycle unit at a later time should market demandwarrant a future expansion.

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