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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

Newsmakers

Mark Frevert has been promoted to vice chairman of Enron Corp. He most recently had been chairman and chief executive of Enron Wholesale Services.

Peter B. Smith has joined El Paso Merchant Energy North America as seniormanaging director. He moves to the El Paso Corp. unit after 10 years with HCC Insurance Holdings, Inc.

James K. Vizanko has been named chief financial officer of Allete Inc. A 24-year veteran of the company, he has served as corporate treasurer since 1993.

Greg Whalley has been named president and chief operating officer of Enron Corp. He was most recently president and chief operating officer of Enron Wholesale Services.

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