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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

DOE Encourages Site Applications for New Nukes

LCG, Aug. 28, 2001--The U.S. Department of Energy in a notice in the Federal Register yesterday asked private energy companies to submit requests to have potential sites licensed for new nuclear power plants.

In a pilot program aimed at encouraging development of new nuclear generation, the DOE will use $700,000 to subsidize licensing of new sites by the Nuclear Regulatory Commission>

The program will help overcome "barriers affecting future near-term deployment of new nuclear power plants," the agency said in its announcement.

Nuclear utilities could apply for sites now, either at greenfield locations or adjacent to existing nuclear plants, and then sit on the licenses until they were needed. The DOE said applications under the program are due by October 15.

The three leading U.S. nuclear utilities, Exelon Corp., Entergy Corp. and Dominion Resources Inc., are expected to take advantage of the plan.

A spokesman for Dominion Energy, Dominion Resources' power producing unit, said "Anything the federal government does to encourage new plant construction in the U.S. we are infavor of."

Marvin Fertel, a senior vice president of the industry group Nuclear Energy Institute, said the organization expects its members to build eight new nuclear power plants in the ten years between 2005 and 2015.

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