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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

Washington Plant Nearly Operational

LCG, May 23, 2002--A new power plant southeast of Tacoma, Wash., with a capacity of 249 megawatts, is scheduled to become operational on July 1, according to Frederickson Power.

Initially, the gas-fired combustion turbine plant will only supply 125 megawatts, due to the very low wholesale power prices prevailing in the Northwest ($22/MWh on Tuesday). The owner, Epcor Power Development Corp., believes it would lose money if it were to make the entire capacity available. The 125 megawatts will be sold to public utilities in Grays Harbor, Benton and Franklin counties.

The plant site has room for an additional plant of equal size, but Epcor has no plans for at least the next year to build one. Approximately one-third of about 90 proposed plants in the Northwest have been cancelled or put on hold. Of Epcor's inability to find a buyer for the plant's entire output, Chris Heffring, president of Epcor Power said, "Prices are low now. We hope they come back up."
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