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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

China Builds Trash-burning Power Plant

LCG, May 15, 2002-China's trash-burning power plant plans have been delayed two years, but a loan from Spain may bring about its construction.

Chinese State Development Planning Commission approved the 680 million yuan ($82.2 million) Beijing project in 2000, but further action has been postponed because of financial and environmental concerns.

Spain has reportedly agreed to loan $45 million for construction, and the plant is hoped to be on line by the 2008 Olymic games, which will be held in Beijing.

Golden State Group Corp. holds the controlling stake in the joint venture.

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