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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

Shell Energy Exits Ohio, Texas Power Markets

LCG, Sept. 5, 2001--Shell Oil Co. electricity marketing affiliate Shell Energy Services said yesterday that it would back out of the Ohio retail electricity market and the Texas Electric Choice program.

Alan Raymond, president and chief executive of the unit, said, "Volatile energy prices and an uncertain economic environment over the past few months have caused legislators, regulators, generators and marketers to reconsider their deregulation situations and strategies."

Those reconsiderations are what cause Shell Energy to reconsider. The company said it will focus its efforts on its existing natural gas markets in Georgia and Ohio.

Shell Energy said it would try to find another marketer to take over its 30,000 Ohio customers. Texans who selected the company as their new electricity provider may choose another marketer; otherwise they will be returned to their local utility without requiring any action on their part.

"We thank our Ohio and Texas customers who selected Shell Energy as their electricity providerand assure them that Shell Energy will do all it can to make their transition to another providerseamless," Raymond said in a statement, as his company tipped its hat and stepped through the door.

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