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News
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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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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
Iceland Chooses Hydrogen
LCG, June 3, 2002-Iceland has decided to phase out fossil fuels, choosing to power the country by means of hydrogen fuel cells. Iceland, which is home to a mere 278,000, already powers 93 percent of homes with geothermal-derived electricity. Now the country will switch its vehicles to hydrogen, with the help of DaimlerChryler, Royal Dutch Shell, and Norsk Hydro. The three companies will invest in the newly-created Icelandic New Energy.Hydrogen fuel, which produces water as its only exhaust, will be produced relatively emission-free by way of hydroelectric and geothermal sources.DaimlerChrysler is responsible for the design of new Icelandic buses, which will be in service next year.Iceland is more ambitious than merely converting the buses, however, and plans eliminate the need for fossil fuel from its 180,000 vehicles over a period of 30 or 40 years. Icelandic electricity production is already clean, but the country suffers from high carbon dioxide emissions because of its metal smelting industry. Although hydrogen, when used as a fuel, is a pollution-free energy source, the volatile element needs to be obtained by some method usually requiring a lot of energy since hydrogen does not easily exist alone and unreacted in nature. Electrolysis separates water with the help of electricity yielding oxygen and hydrogen, which is the reverse reaction of hydrogen when it acts as a fuel producing electricity and water. Other sources of hydrogen, such as hydrogen-producing algae, are currently being researched.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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