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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

International Power Plans 580 Megawatt Long Island Plant

LCG, June 26, 2001International Power Plc, the British global energy company formed from the breakup of National Power, said this morning it has applied to New York state regulators for permission to build a 580 megawatt natural gas-fueled, combined-cycle power plant in Brookhaven on Long Island.

The company said the New York State Board on Electric Generation Siting and the Environment will have 60 days to determine whether the application is complete and, if it is, another year to reach a final decision on the plant.

Under this schedule, International Power said it hopes to begin construction of the Brookhaven plant in the second half of 2002 and have the plant ready for commercial operation in late 2004.

"Brookhaven will provide 580 megawatts of clean and affordable new generating capacity to the supply constrained Long Island power market where electricity prices are high and power plant siting is very difficult," said Peter Giller, International Power's chief executive.

The New York Independent System Operator has estimated that 8,600 megawatts of new generation is required in the State by 2005 to avoid higher prices and the possibility of unreliable supplies. Presently, only about 1,700 megawatts of new capacity is under construction in New York.

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