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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

Boat Collides with Dynegy Gas Storage Facility

LCG, May 9, 2002--A fishing vessel hit the Rough facility in the U.K. North Sea yesterday at 0830 GMT.

109 employees were evacuated, 19 stayed to evaluate damages, and no injuries were reported.

Dynegy declared a force majeure and has delayed maintenance. The vessel made contact with a platform at the facility, and company spokesmen will not be ready to comment until engineers have inspected the platform and legs, the latter of which will require a diving vessel for parts below the water line.

Dynegy's Rough facility has been closed since May 2 for scheduled maintenance and would have opened May 17 again. The facility's gas supply is sufficient to serve the U.K. for thirteen days.

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