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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

NRG Energy Buys PowerGen's Hungarian Assets

LCG, July 2, 2001--NRG Energy Inc. of the U.S. said yesterday that it has entered the Hungarian energy market with its purchase from PowerGen Plc of the UK of two power plants located on Csepel Island in Budapest.

Csepel I is a 116 megawatt thermal plant and Csepel II is a 389 megawatt gas turbine power generating station. Csepel II reached commercial operation in November of last year and is the primary facility, the company said.

"NRG made this investment in the Hungarian market because it is strong and it is strategically located in our Central Europe core market region," said Steven H. Wolf, NRG's vice president and managing director for Central and Eastern Europe.

Wolf praised the operation for "its skilled workforce, commercial soundness, and its advanced emission reduction technology."

NRG has also acquired PowerGen's interest in two German energy businesses, Mibrag and Saale Energie GmBH. With its acquisition of PowerGen's interest in Saale Energie, NRG increased its ownership of the Schkopau power station from 200 to 400 megawatts megawatts.

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