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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

S. Korea to Build Four Nuclear Plants

LCG, August 12, 2002-Korea Hydro & Nuclear Power Co. (KHNP) has signed contracts to have four nuclear generators constructed.

KHNP, a unit of Korea Electric Power Corp. (KEPCO), expects the plants to be finished in 2009 and 2010 at a total construction cost of $6 billion.

DOOSAN Heavy Industries and Construction Company, as well as Korea Power Engineering Company, Inc. and Westinghouse Electric Co., have been contracted to work on the four generators.

Shin-Kori 1 and 2 will be built in Pusan Metropolitan City, while Shin-Wolsong 1 and 2 will be built in Kyungju-City.

KHNP operates some 16 nuclear generators, currently providing 13,716MW of capacity.

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