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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

Cross-County Cable Back in Service in New York State

LCG, July 1, 2002--An 18-mile cable linking substations in New York state's Westchester and Nassau Counties that failed over a month ago has been restored to service.

The cable is currently rated at 400 megawatts, in order not to risk another failure. The Y-50 cable had been rated at 600 megawatts before a section running beneath Long Island Sound cut transmission on May 18.

Long Island Power Authority will be able to withdraw 250 megawatts at Glenwood Landing, while Consolidated Edison's Queen service area will be entitled to 150 megawatts. The repairs to the cable were finished three weeks earlier than had been anticipated.
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