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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

Duke Power to Add 640 Megawatts for Native Load

LCG, Aug. 10, 2001--Regulated utility Duke Power Co. said yesterday it has selected a site in Cherokee County, S.C., for its newest energy facility, a 640 megawatt, natural gas-fired power plant which is expected to cost about $300 million.

Duke said it plans to begin building the new facility in January and has penciled in the Summer of 2003 for the start of commercial operation.

"The Mill Creek power plant will be a tremendous asset as we continue providing reliable, competitively priced electricity to our two million customers in North Carolina and South Carolina," said Duke Power President Bill Coley. "Over the last five years we've added almost 300,000 new customers," he said. "We have an adequate supply of electricity today, but we see the need for new peaking generation to support the region's economic growth."

South Carolina state officials were delighted with Duke's investment in their state and with efforts of local governments to seek out investment in their communities.

"As this region grows, community and business leaders must reach out beyond their boundaries to achieve the next level of growth for their area," Governor Jim Hodges said. "We are pleased that Cherokee County took the steps needed to make this a reality."

Duke said the eight-unit, combustion turbine plant is designed to operate as a "peaking" plant, providing electricity primarily during the periods when customers' use of electricity is at its greatest.

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