EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Nuke Corrosion Costs Burden Ohio Plant

LCG, March 26, 2002-Investigations regarding regarding reactor corrosion may keep nuclear plants shut down.

Boric Acid in an Ohio nuclear plant corroded the cap of the reactor, forming a significant hole.

The Nuclear Regulatory Commission (NRC) ordered that 69 pressurized water reactors be inspected after the hole was found in the 25-year-old David-Besse plant. Special attention will be given to the six reactors sharing the same Babcock and Wilcox construction as the David-Besse reactor.

The damaged reactor will take three months to two years to repair, depending on whether or not a new reactor head will need to be constructed. In the meantime the plant will be forced to pay ten to fifteen million dollars monthly to buy power in order to sustain its 7 percent of company FirstEnergy's total energy. Repairs will cost at least $10 million and replacing the head would cost $20 million.

Midwest wholesale power prices for deliveries next summer increased by twelve percent last week, possibly caused by energy traders who fear limited energy supply.

Corrosion has been found in reactor nozzles of other plants, but none of the damage is nearly as serious as that at the David-Besse reactor. Plants and generators anxiously wait for inspectors from NRC to approve their reactors.

Officials say corrosion of this type poses no public risk.

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service