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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

Long Island Plant's Capacity Boosted

LCG, July 1, 2002--The Long Island-based Bethpage power plant owned by Calpine is able to produce 48 additional megawatts after an upgrade, bringing its overall capacity to over 100 megawatts.

The new capacity is under contract to the Long Island Power Authority (LIPA) for three-and-a-half years, according to Calpine. Bethpage is located in west-central Long Island, and provides electricity and steam to an adjacent Northrup Grumman Corporation facility. Before the addition of capacity, only surplus electricity not used by Grumman had been sold under agreement to LIPA.
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