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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

Duke Energy North America Plans Three Merchant Plants

LCG, Jan. 14, 2002--Duke Energy North America has signed contracts with Duke/Fluor Daniel to design and construct three merchant generating plants worth a total of 2,420 megawatts of new capacity.

Jeff Faulk, president and chief executive officer of Duke/Fluor Daniel noted, "This brings our portfolio of active EPC projects to more than 16,000 megawatts of fossil-fueled power generation." The plants will be located in three disparate areas within the western states. The Luna Energy Facility will be located in Luna County N.M., and will have a nameplate capacity of 600 megawatts. In Grays Harbor County, Wash., the 620-megawatt Grays Harbor Energy Facility is planned. Moapa County, Nev., will be home to the 1,200-megawatt Moapa Energy Facility.

Each of the power plants will be a combined-cycle facility, fired by natural gas. Commercial operation of the plants, which will utilize eight General Electric-7FA combustion turbines, is expected starting in the summer of 2003.

Jim Donnell, president and chief executive officer of DENA commented that with Duke/Fluor Daniel's record, he believed that "these facilities will be providing competitively priced power to the western United States when demand peaks in the summer."

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