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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

330 MW Plant To Be Built in New Jersey

LCG, Jan. 21, 2002--An affiliate of Consolidated Edison Development has contracted with Jones Lockwood Greene for engineering, procurement and construction services related to a 330-megawatt plant to be sited in Lakewood Township, New Jersey.

The plant, Ocean Peaking Power, will be a neighbor to Consolidated Edison Development's Lakewood Cogeneration facility. The facility will be developed using GE Frame 7FA gas turbine generators, and simple-cycle technology. The planned configuration is to include two generator sets, with the possibility of a third.

The project is worth $40 million, with a planned completion date of December 2002. Con Edison Development is a wholly owned subsidiary of Consolidated Edison, Inc., and is a New York City-based company that invests in energy infrastructure development projects.
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