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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

British Energy Minister Says Nuclear Power Necessary

LCG, Feb. 9, 2002--Prior to the release of a government report on British energy security, the energy minister Brian Wilson spoke in an interview with The Guardian about what he saw as the future role of nuclear power in Britain.

Wilson emphasized two trends - a significant increase in use of renewable energy resources, which he said could increase energy prices, and "a seller's market" in natural gas, which is being used by most new generating plants.

The minister is one of the few Labour party leaders who supports nuclear power. He said that nuclear investment might need assistance in the form of tax and planning allowances in order to make it competitive.

Other parts of the upcoming report, from a trade and industry select committee, advocates a target of 20% of energy supply from renewable resources by 2020. Wilson said that the country's climate change levy, assessed on emissions by power plants, would actually assist nuclear power. He said, "there is no contradiction between being pro-renewable and pro-nuclear."
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