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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

Construction Halted on Washington Plant

LCG, Aug. 9, 2002--The Mint Farm power plant project, a 270-megawatt facility now under construction in Washington state, will be temporarily halted based upon a decision by Mirant Corp., the developer.

The facility, in the town of Longview, is now approximately one-third completed, and was to have become operational by June 2003.

The Shaw Group, the company responsible for design and construction, also had negative news concerning a Mississippi construction project on Monday this week. The client, NRG Energy Inc., of Minneapolis, could not make a scheduled payment, and sold the project to the Shaw Group for $43 million.
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