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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

LADWP Backlogged with Power Rebates

LCG, Feb. 15, 2002--Responses to a Los Angeles Department of Water and Power rebate program highlighted during last year's energy crisis are still being processed, the month before the program is due to end.

Steve Matsuda, a DWP assistant director said, "when we started we anticipated a good level of participation, with maybe a couple of thousand jobs for the year. Then with the energy crisis, there was a lot greater interest." The DWP received six times as many responses as it had anticipated.

The rebates, which were offered in return for customers' purchases of appliances that surpass energy efficiency standards, range from $600 to $1000. The rebates were supported and enhanced by state funding. Of 7,500 rebate applications that have been filed, 2,000 remain outstanding.

DWP's rebate offer will end in March, and may be succeeded by a different set of incentives.
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