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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

Protests Delay Vote on Sale of Brazilian Utility

LCG, Aug. 17, 2001--Legislators in the Brazilian state of Parana were set to vote yesterday on whether to sell into private hands the state's electric generation, transmission and distribution utility, Copel, when anti-privatization activists invaded the capitol building and disrupted the proceedings.

The lawmakers will try again next week, officials said. The state, in southern Brazil, immediately south of the state of Sao Paulo, plans to complete the auction of Copel by October 31.

But the sale of the utility has met with strong resistance from local politicians and populist activists fomenting fears that private ownership would mean higher rates and degraded service, all in the name of profit.

Yesterday, thousands of demonstrators gathered in Parana's capital city of Curitiba, invaded the assembly's building and clashed with police, reports said. The anti-privatization forces said they expect to have sufficient support to block privatization if the vote is taken next week.

Five foreign firms have indicated an interest in purchasing the utility, including Belgium's Tractebel, Hydro-Quebec of Canada, Electricit de France, Germany's RWE and the Spanish Endesa.

Between 76.5 percent and 90 percent of the voting stock in Copel will be sold, depending on how many of the company's minority shareholders participate in a government offer to buy their shares for inclusion in the auction.

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