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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

PPL Says It Is Not to Blame for High Prices in Pennsylvania

LCG, Jan. 17, 2002--High prices in the Pennsylvania wholesale power market in early 2001 were not caused by market manipulation, PPL told Pennsylvania's Public Utility Commission this week.

PPL filed a report with the agency, which was given authority by the Federal Energy Regulatory Commission to investigate what supplier NewPower Holdings Inc. complained were market irregularities. Following a PJM report that showed prices to have been inflated, the PUC in November began investigating possible manipulation by PPL.

In addition to the PUC investigation, the U.S. Department of Justice has started an antitrust investigation.

During the first quarter of 2001, PPL's generating capacity was greater than that at the disposal of other electric companies. By law, companies serving customers are to have enough capacity to satisfy an additional 19 percent above expected demand.

High prices in the capacity market were cited by NewPower during the summer as the reason it had had difficulty in serving its customers competitively. PPL's filing referred to the possibiity of alternative suppliers' being squeezed out of retail sales as "unlikely."

Although consumers are protected by rate caps in the Mid-Adlantic, John Hanger, previously a PUC commissioner and who heads PennFuture, a Harrisburg consumer-interest group, said "It's like telling somebody who just got shot he didn't get shot." Hanger said that as of last March, retail power suppliers started to exit the market. The PUC listed 72 companies now in the market, compared to 97 last January.

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