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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Aussie Plant Breakdowns Squeeze Victoria

LCG, Jan. 3, 2002--Equipment failures at the Loy Yang A and Yallourn power plants in the Australian state of Victoria last weekend have raised fears of looming blackouts or rationing, the Melbourne Herald Sun reported this morning

The threat comes as southeast Australia heads into its hottest part of summer, with predictions of all-time highs for power demand.

Victorian Energy Minister Candy Broad pooh-poohed the talk of rationing, saying there was no immediate threat to the state's power supply. But industry sources warned a string of weekday temperatures topping 95F, after industries returned from the holiday break on Monday, would stretch supplies.

"Demand is highly vulnerable to change in temperature," said National Electricity Market Management Company spokesman Paul Price.

One unit at Loy Yang is expected to be out of action until late March, but operators at Yallourn remain confident they can repair its damaged unit by January 20. But to compound problems, Loy Yang plans to shut another unit for six days of urgent maintenance from January 12.

The Victorian government has warned some of the largest power users of possible rationing. Some, including Alcoa's aluminum smelters at Point Henry and Portland, and BHP Billiton's Western Port plant, say they are ready to wind back demand if asked by the government.

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