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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

TransCanada, AltaGas to Buy Enron Canada Assets

LCG, Dec. 6, 2001--TransCanada PipeLines Ltd. said yesterday it has entered into a memorandum of agreement with AltaGas Services Inc. to form a partnership which would purchase the remaining rights and obligations of the 706 megawatt Sundance B power purchase arrangement from Enron Canada Power Corp.

TrasnsCanada said its subsidiary TransCanada Energy Ltd. will contribute about $110 million Canadian ($69 million U.S.) to the partnership upon closing for a 50 per cent interest.

The rights to the capacity of the Sundance B facility were originally purchased by Enron Canada Power Corp. under the Government of Alberta's auction in August 2000. At that time, TransCanada acquired the rights to the 560 megawatt Sundance A facility.

"TransCanada believes this arrangement represents an extremely competitive source of power in Alberta -- one of our core markets," said Hal Kvisle, chief executive. "This is another example of TransCanada demonstrating its ability to move quickly when a good business opportunity arises."

The Sundance power plant is located about 45 miles west of Edmonton, Alberta, and is the largest coal-fired electrical generating facility in Western Canada.

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