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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

Cold Snap Leads to Outage for Floridians

LCG, Jan. 10, 2002--Customers of Florida Power, the Kissimmee Utility Authority and the Orlando Utilities Commission in central Florida reacted to record cold by turning on their heat this morning, only to find that the transmission lines providing power had been put out of commission by the power surge.

In total, approximately 20,000 customers were without power due to outages at key points in the transmission system. Power plant capacity would have been sufficient to handle the demand, had the lines not gone out between 7 and 8 AM. Power was restored to residents after 9 AM.

Craig Eicher, Florida Power spokesman compared the situation to what might happen in an individual's home. "It's like you turned everything in your home on all at one time," he said, referring to residents' reaction to record low temperatures, which reached 25 degrees in Orlando Wednesday. Sporadic outages have been attributed to equipment problems in the Florida Power terrritory.

Record demand for power accompanied the plunge in temperatures in the Kissimmee Utility Authority service territory, surpassing demand during a record-inducing heat wave last August.

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