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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

Allegheny Plans 88 Megawatt Pennsy Power Plant

LCG, Aug. 2, 2001--Allegheny Energy Supply said yesterday that it will build 88 megawatts of natural gas-fired merchant generating capacity in Guilford Township, near Chambersburg, Pa.

The company, which is the unregulated generating subsidiary of Allegheny Energy Inc., said it would install two 44 megawatt combustion turbines on a five-acre site on the northern edge of the town of Marion.

"Allegheny Energy Supply is pleased to announce construction of its newest generating facility inGuilford Township," said Michael P. Morrell, the company's president. "The facility will give us access to East Coast markets for electricity and it will help enhance the power supply in the local area."

Allegheny said it has received all necessary permits and construction has begun. Commercial operation is expected to begin by the end of this year.

"Allegheny's goal with all of its generating facilities is to be a good corporate neighbor andenvironmental steward," Morrell said. "The Guilford Township Generating Facility will meet or exceed allexisting environmental regulations."

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