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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

San Jose's Coyote Valley Has Metcalf Ground-breaking

LCG, June 21, 2002--Today, a ceremony to mark the start of construction on developer Calpine Corp.'s 600-megawatt Metcalf Energy Center takes place in North Coyote Valley, a rural area to the south of urban Silicon Valley.

The plant was approved 10-1 by the San Jose City Council, and received the support of Mayor Ron Gonzales, who will attend the ceremony with other local and state officials. The City Council had earlier voted unanimously in opposition to the plant, for reasons of inconsistencies with zoning rules. Gonzales had announced his opposition to having a plant near residential areas for a full year. The California Energy Commission's support of the plant, which based its assessment on the San Jose area's being "among the most generation deficient areas in the state," brought a reversal from the Council and Gonzales.

The gas-fired Metcalf Energy Center will be implemented as a combined-cycle configuration with advanced emission controls. It received an endorsement from the Loma Prieta Chapter of the Sierra Club, and is expected to begin producing baseload power in the summer of 2004.
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