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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

500 Megawatt NorCal Power Plant Moves Ahead

LCG, Nov. 26, 2001--Plans to build a 500 megawatt power plant in the town of Burney, a small community in northernmost California, took on new life last week when Shasta County agreed to provide building inspectors to oversee the project, the Redding (Calif.) Record Searchlight reported Saturday.

The county signed a contract with New Jersey-based Covanta Energy Corp. to provide at least one full-time inspector for up to two years, Resource Management Director Russ Mull told the paper.

"It's a busy, busy thing -- you're running from one thing to the next verifying that they're doing it up to code," Mull said. "It's such a big project that they'll be running all day long."

The plant was proposed in 1998 and has been granted a license by the California Energy Commission, but little has been heard of the project in recent months. Last week's action by Shasta County is evidence that it has not been forgotten.

Covanta officials said site preparation will begin in early spring and commercial operation could begin by the end of 2003 or early 2004.

"We're working with the CEC on an ongoing basis to ... get permission to start construction," Mike Neal, Covanta's construction manager in Redding, told the Record Searchlight. "We're champing at the bit. We're ready to get going."

The plant is subject to the energy commission's building codes and not local codes, but the panel is allowed to sign an agreement with local agencies to oversee the project, hence the agreement with Shasta County, Mull said.

During construction, about 200 skilled workers will work on the plant. When it is completed, the plant will employ 20 to 25 workers, have an annual payroll of about $1 million and generate about $1 million a year in tax revenues, company officials said.

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