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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

Perryville Plant Operating in Louisiana

LCG, July 3, 2002--A new, 568-megawatt combined-cycle unit owned by Cleco Corp. started operations Monday, according to the Pineville, Louisiana-based company.

The Perryville plant is located about 12 miles north of Monroe, in northeast Louisiana. The plant's 157-megawatt peaking unit, operating independently of the combined-cycle unit, has been connected to the grid since July 2001.

Cleco said that another power plant under construction, the 1,160-megawatt Acadia plant, should be operational by the end of the month. The 50-50 joint venture with Calpine, south of Eunice, Louisiana, utilizes combustion turbines.
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