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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

Dominion Takes Over UI Standard Offer from Enron

LCG, Jan. 4, 2002--The United Illuminating Co. of New Haven, Conn. said yesterday it had reached agreement for Dominion Resources Inc. to supply UI's "standard offer" generation service needs through 2003.

Effective January 1, 2002, the contract replaces an agreement with Enron North America Corp. to supply standard offer services. The change was necessary to ensure the continued delivery of energy at stable prices for United Illuminating customers, in light of Enron's recent bankruptcy announcement. Enron's bankruptcy placed it in default of their contract with the local utility.

The contract with Dominion will allow United Illuminating to fulfill its obligation under Connecticut's 2000 electric restructuring law to provide standard offer service through December 31, 2003 to customers who do not elect an alternate energy supplier.

Anthony J. Vallillo, president of United Illuminating, said "This contract removes Enron as our supplier and replaces them with Dominion. The change to Dominion will be transparent to our customers. There will be no change in customer rates for the remainder of the standard offer period."

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