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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

Enron Owes California $493,00 in Unpaid Taxes

LCG, Jan. 25, 2002--While Enron looks for a new chairman and prepares for numerous legal actions against it, California's Franchise Tax Board is thinking about the taxes the company has yet to pay.

A spokesman for the tax board, Patrick Hill, said that if the company does not pay its taxes by the spring, the board will issue a letter. The outstanding bill of $493,000 has gone unpaid since March 15, 2001. Enron avoided paying taxes to the federal government in four of the past five years, a New York Times reporter discovered.

Letters are sent by the board to 600,000 individuals and 20,000 businesses because of tax delinquency each year.

The measures that could be taken against the company include filing liens, seizing assets, or preventing the company from doing business in the state. About 10 percent of the taxes paid to California, or $4 billion, comes from businesses, Hill said.

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