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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

CA Generators to be Back Online this July

LCG, May 31, 2002--One of two Southern California generators previously scheduled to provide 450 MW in capacity over a year ago will be up and running in July.

The AES-owned generators were given special treatment last year because of the energy crisis, and environmental review was limited in order that the two generators could be restarted expeditiously.

Complications hampered the operation of the Huntington Beach generators, including $120 million in repair work and disagreements over the payment of contractor PMSI, which filed for bankruptcy in March. PMSI asserts that AES still owes it $62 million.

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