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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

Cuba Limits Power Use

LCG, May 28, 2002--The Cuban government has required state-run power users to cut their electricity use by 10 percent.

Cuba produces about 65,000 bpd worth of oil and natural gas. An additional 53,000 bpd Venezuelan crude oil is no longer being delivered to Cuba because the struggling island has not paid for some past shipments, forcing the country to pay more for imported oil.

Havana will probably pay 15 percent more for oil from other sources, according to a Reuters interview with a Cuban diplomat.
Since Cuba defaulted on credit payments, Spain, France, Italy, and Japan have stopped allowing trade credits to the country.

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