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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

China Plans to Split State Power Corporation

LCG, March 8, 2002-Yesterday Chinese ministers announced plans to redistribute many State Power Corporation electricity-generating and transmission assets to new competitive power-generation organizations.

Officials expect assets to form five regional companies, not including the southern provinces. The State Power Corporation will maintain controlling shares, although State Planning Commissioner Zeng Peiyan said that power producers should compete with one another and will be supervised by an as yet unformed committee. Foreign companies would be able to retain current contracts or form new ones.

Zeng also commented on China's economic growth rate, which has stayed at 7 percent for two months, exceeding expectations.

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