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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

Aquila Begins Building Illinois Power Plant

LCG, Sept. 19, 2001--The Aquila Inc. subsidiary of UtiliCorp United Inc. said yesterday that it had marked with a groundbreaking ceremony the beginning of construction of a 510 megawatt natural gas-fueled power plant west of Champaign, Ill.

On hand with hard hats and chrome-plated shovels were officials from Piatt County, Ill., and representatives from Illinois Power Co., Burns & McDonnell Engineering, and Aquila.

Construction of the facility, which is named the Goose Creek Energy Center, will require about 150 workers, and a permanent staff of six will operate the plant. The plant will generate about $185 in new property tax money, with a little more than $100,000 going to the local school district.

"We are pleased to become part of the Piatt County community," said Robert K. Green, chairman of Aquila and president and chief operating officer of UtiliCorp United, at the groundbreaking ceremony. "Demand for power is growing nationwide, making this facility and this community important contributors to the economic growth of the entire country."

Aquila said power from the new plant will be sold into the regional wholesale electricity market. The facility is expected to operate less than 1,500 hours a year, during periods of peak demand.

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