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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

ISO New England Allows NRG Plant Shutdown

LCG, August 12, 2002-On Friday, the New England Independent System Operator allowed NRG to take its Devon plant off line.

The plant's shutdown had been discussed for several months. NRG wanted to shut it down because the operating costs were too high relative to electricity prices. ISO New England was cautious about allowing the shutdown since the plant supplies southwest Connecticut, which already has limited energy reserves.

NRG will be allowed to shut off Devon's unit 10 after October 1 but must continue operating units 7 and 8, which offer 107 megawatts of capacity, until October 2003 or until the ISO deems necessary. Unit 10 provides only 17 MW.

The amount by which NRG will be compensated has not been released.

NRG is a unit of Xcel Energy Group Inc.

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