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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

Deep Sea Pipeline from Iran to India

LCG, March 19, 2002-India may receive natural gas from Iran by way of a deepsea pipeline.

While plans for an onshore pipeline through Pakistan are still dominant, studies are being undertaken by Italian companies Snamprogetti and Saipem in order to determine whether or not a 2000 kilometer underwater pipeline will be practical. It would be built in the Arabian Sea, skirting Pakistan's shoreline.

Australian company BHP is conducting the onshore pipeline study, considering carefully the security risk of its passage through Pakistan.

The onshore pipeline would allow Iran to sell gas to Pakistan as well and is estimated to cost about $3.5 billion.

Pakistan approves of both plans, and Iran reports that it has a good relationship with both India and Pakistan.

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