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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

Edmonton Power Bills Up 43 Percent

LCG, Jan. 16, 2002--Monthly power bills for Edmonton customers of Epcor will be, on average, $73 ($46 U.S.), 43 percent higher than during the same time last year.

The higher bills are due in part to accelerated payments for deffered costs, which the company had been ready to collect over a three-year period, and to the end of a customer rebate program. The Alberta Energy and Utilities Board advocated that the deferred costs instead be spread over two years, a change Epcor vice-president Guy Bridgeman agreed with.

The costs originated in 2000 and 2001, when Alberta rates paid by customers were capped. The cost to Epcor of supplying power was not covered by these customer rates, and the company spent roughly one-third more than what it charged. Last year's provincial rebate program reduced costs to customers, resulting in bills of approximately $51 ($32 U.S.).

The Edmonton city council unanimously instated the new rates. Thus, slightly over 42 percent of the new bills is for power costs incurred in 2002, while transmission billing fees, plus the goods and services tax account for 34 percent. The remainder, roughly 23 percent, is connected with deferred costs.

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