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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

Talks Between EPA and NJ Utility End in Settlement

LCG, Jan. 25, 2002--Following more than a year of talks between Public Service Enterprise Group Fossil LLC and the Environmental Protection Agency, the New Jersey utility will pay $1.4 million in fines and make improvements at two power plants worth $340 million.

The EPA found that the power plants, in Jersey City and Hamilton, were subject to mid-1990's rules covering coal-fired plants. The agency administrator, Christie Todd Whitman, said the result is "an excellent example of how effective federal and state partnerships in enforcement actions can greatly benefit the environment and assure public health protection."

Following the Bush administration's call in the spring of 2001 for a review of EPA enforcement of the Clean Air Act, lawsuits filed under the Clinton administration were temporarily halted. A week ago, the Justice Department announced that the suits against owners of 51 coal-burning power plants would go forward.

The settlement, which will need to be approved by a federal judge, would mean that PSEG Fossil will cut emissions of sulfur dioxide from the plants by 36,000 tons annualy. Nitrogen dioxide emissions would be cut by 18,000 tons.

Frank Cassidy, PSEG Fossil's president, stated, "coal has been, and will continue to be, the backbone of affordable energy in this country. But technologies exist to burn coal cleanly."
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