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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

Enron Negotiating to Sell Korean Gas Interests

LCG, Nov. 6, 2001--Enron Corp., already on the ropes in the U.S. and India, is in negotiations with one or more interested parties to sell its 50 percent interest in SK-Enron, a gas distribution joint venture with SK Corp. of South Korea.

Korea Oil News said companies with which Enron is talking include El Paso Corp., BP-Amoco and Exxon Mobil. The publication said Enron planned on receiving letters of intent from interested parties by the end of this month and to complete the sale either this year or early next year.

Enron and SK formed the joint venture in 1999, each company contributing 25 billion won ($19.44 million U.S.) for a total of 50 billion won paid-in capital.

Y. H. Moon, an official of SK-Enron, told Reuters news agency "It is true that Enron is in talks to sell the stake in the joint venture, but we cannot comment where the sale talks are now and how they would proceed," and gave no other details.

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