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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

FERC May Create Boundaries for RTO's

LCG, May 31, 2002--Federal Energy Regulatory Commissioners are concerned about utilities joining regional transmission organizations far from where they are geographically situated.

PJM Interconnection and the Midwest Independent Transmission System Operator Inc. are beginning to solidify as RTOs, with the goal of developing a common market by 2005.

Midwest companies Commonwealth Edison, Illinois Power, and American Electric Power Co. Inc. plan to join the Northeast RTO PJM Interconnection.

While companies can choose the RTO to which they want to belong, FERC commissioners worry that the principles of natural markets and reliability might be overlooked.

FERC may consider creating incentives or regulations requiring RTO participants to join RTO's that are regionally logical and adjacent, although no specific intentions have been expressed .

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