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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

Agreement for Long Island Generation Signed

LCG, Apr. 9, 2002--The Long Island Power Authority and PPL Corp. have set in motion plans for two 44-megawatt units to be built by 2003 in Freeport, NY.

The terms discussed by the parties would have the output of one unit secured for LIPA under a power-purchase agreement. The other unit would be owned by Freeport, which would operate both units, which are to burn natural gas, and oil as a backup fuel. The site is now home to an oil-fired plant used by the Freeport Municipal Electric Utility. That plant will be decommissioned to make way for the new turbines.

Operations are expected to begin in the summer of 2003, following approval by the governing bodies of PPL and LIPA.
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