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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

Duke Will Build 620 MW PA Plant

LCG, May 21, 2002-Duke Energy North America will build a plant at the Fayette Facility in Fayette County, Pennsylvania.

Duke/Fluor Daniel has signed a contract with Duke Energy to construct the 620 MW combined-cycle plant, which will include two natural gas or fuel oil-fired General Electric 7 FA combustion turbine generators and a GE class D11 steam turbine/generator.

Although the costs have not been released, the plant is scheduled for operation in Summer of 2003.

North Carolina-based Duke Energy has about 8,000 MW capacity in operation and another 6,700 MW, or 11 plants, under construction.

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