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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

Massive Chinese Gas Field Located

LCG, May 23, 2002--Chinese scientists have identified a natural gas field in the Inner Mongolia Autonomous Region with proven reserves more substantial than those found in any other such field in China.

The North China-based field can be forecast to produce 6.5 billion cubic meters annually, according to the Science and Technology minister Shi Dinghuan. The overall size of the field is around 602.5 billion cubic meters.

Minister Shi said, "the field wiill greatly back up the country's project of west-to-east gas transportation and help ease the energy shortage in eastern areas." Currently, 10 percent of Beijing's energy needs are accounted for by natural gas. A researcher with the Chinese Institute of Oil Exploration, Qian Kai, estimates that boosting gas use to the point at which it supplies 30 percent of Beijing's needs would bring about a significant change in air quality.

The Changqing Oil and Gas Field Company, which took part in the exploration phase, will transport gas to Shanghai and the Yangtze River Delta areas.
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