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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

FERC Proposes Standard Market Framework

LCG, March 13, 2002--The Federal Energy Regulatory Commission (FERC) presented an outline for nationally standardizing the U.S. energy market.

The Commission will provide a paper on standard market design involving the development of open-access transmission tariff which would fall under the administration of regional transmission organizers (RTO). RTO's will be responsible for preventing generators from influencing prices by withholding power.

After the Supreme Court Decision last week validating FERC's authority over wholesale transmission sales, the commission is in a position to dictate rules for the competitive market, taking control from the hands of state regulators.

FERC plans to instate a method for electricity pricing called Location Marginal Pricing (LMP), an approach used by mid-Atlantic PJM Interconnection LLC which allows those in the market to circumvent price risk from congestion.

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