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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

AES Wants Indian Government to Help it get Paid

LCG, Oct. 24, 2001--AES Corp. of the U.S. has asked the prime minister of India for his help in getting paid for power it has produced for the state of Orissa on India's east coast.

The dispute is an echo of a similar brouhaha on the west coast of the subcontinent, this one between the state of Maharashtra and Enron Corp.

In a letter to Indian Prime Minister Atal Bihari Vajpayee earlier this month, AES President Dennis W. Bakke said the problem in Orissa had prompted his company to have second thoughts about whether to remain in India.

According to the Associated Press, Bakke told the prime minister that his company has faced "expropriation, repeated contract violations, intimidation ... and direct interference with day-to-day management" by the state government and its agencies. The letter also complained about government-run agencies failing to pay 2.1 billion rupees ($44 million U.S.) in bills.

"If the situation faced by AES is not remedied urgently, it will undermine the trust and confidence of foreign investors in India," Bakke wrote. "While AES still remains committed to India as a country it would very much like to serve, our determination to continue is being tested."
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