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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

France's Financial Minister Makes a Move Toward Privatization

LCG, July 17, 2002-The French Ministry of Finance has asked banks to advise on the sale of 13 state-owned companies, which include gas and electricity companies.

Prime Minister Jean-Pierre Raffarin made a promise to sell state assets, and in support of his assertion two tenders have been issued for banks for advice on privatization. Finance Minister Francis Mer hopes to see the process of privatization begin this August.

The first tender involves the sale of parts of gas giant Gaz de France and state electricity company Electricite de France.

The banks have until the end of this week to give gas and electricity privatization recommendations; the second tender, relevant to other state-owned companies, has a deadline of next week Monday.

Some French organizations have denounced the plans for privatization, including one of France's major trade unions, Confederation Generale du Travail, which asserts that the Ministry had not conducted proper consultations before going ahead with privatization.

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