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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

Terrorist Threat Could Scuttle Maryland LNG Plant

The Federal Energy Regulatory Commission on Friday met with state and local officials to discussnational security concerns connected with restarting a liquefied natural gas plant near the Calvert Cliffs nuclear power plant in southern Maryland.

Last month, FERC gave permission to The Williams Cos. to reopen and expand the company's Cove Point liquefied natural gas plant despite concerns that the facility could be subject to sabotage that would threaten a nearby nuclear plant owned by Baltimore utility Constellation Energy Group.

Massachusetts officials shut down an LNG terminal in Boston following the September 11 attacks on the World Trade Center and the Pentagon. Officials feared an LNG tanker entering Boston harbor could be subject to sabotage, causing massive damage.

Democrat Sen. Barbara Mikulski of Maryland had demanded that FERC reconsider its approval order from last month. "You must carefully consider the fact that the Cove Point facility is within 3.5 miles of the Calvert Cliffs nuclear power plant and the ships that carry liquefied natural gas from Algeria or other countries will be under foreign flag with foreign crews," Mikulski said in a letter to FERC.

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