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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

CA Governor Signs Inspection Bill

LCG, April 29, 2002-California passed a bill permitting state regulators to inspect generators that have been shut down for maintenance.

Governor Gray Davis signed the bill into law on Friday after it was approved by the California Senate.

Brought in by San Francisco's John Burton-D, the bill calls for a new committee responsible for setting operation and maintenance standards for California plants.

Governor Davis had reportedly called for a bill of this type after state inspectors were not allowed to visit plants shut down during California's energy crisis.

Many companies contend that their plants were shut down legitimately and that generators ran at unprecedented levels during the crisis, while others in industry allege that shutdowns were deliberate.

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