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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

Energy East Files for RTO

LCG, March 14, 2002-Yesterday the Energy East Corporation called on the Federal Energy Regulatory Commission (FERC) to create a Regional Transmission Organization (RTO) responsible for areas served by PJM Interconnection, LLC, ISO-New England, and the New York Independent System Operator (NYISO).

Subsidiaries of Energy East came together to encourage FERC to follow through with the July 2001 order to create an RTO that would regulate the three ISO's. The companies insist that the new RTO would allow for a more reliable and competitive market. Senior Vice President of Energy East Denis Wickham insisted, "A three-region RTO is a tremendous opportunity to provide consumers benefitsWith FERC's leadership, interested parties need to focus on the benefits of a larger RTO and the transitional tools needed to eliminate the concerns about short-term winners and losers. We are convinced that consumers in the Northeast will ultimately benefit from lower costs, enhanced competition and increased reliability with a PJM-New York-New England RTO."

Energy East wants to avoid the formation of a smaller New York, New Jersey RTO, saying that a smaller RTO might be risky and could not provide the same benefit to customers as the proposed Northeast RTO.

The creation of an RTO in the Northeast would shift control from individual states to the federal government.

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