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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

Brazilians Deal With Effects of Large-scale Blackout

LCG, Jan. 22, 2002--A blackout attributed to transmission line failures was confirmed in five Brazilian states Monday, lasting over two hours.

According to a spokesman for the Itaipu hydroelectric dam, where 25 percent of Brazil's hydropower is generated, more than half of the dam's 18 turbines became inoperable due to a failure on a transmission line. The cities of Sao Paulo, Belo Horizonte, Rio De Janeiro, Goiania, Vitoria and Brasilia, the capital, were affected starting at 1:30 p.m., until about 4 p.m.

The areas experiencing the blackout faced the stoppage of industrial activity and some commerce. Banks were generally closed, although backup generators helped foreign exchanges and stock exchanges to operate through the blackout. Major traffic congestion was caused at intersections with darkened traffic lights, and air travel was slowed by some flight cancellations.

90 percent of Brazil's electricity comes from hydropower.
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