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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

Renewables Bill Passes CA Legislative Committees

LCG, August 20, 2002-A renewable energy bill that would require 20 percent of energy to be provided by renewable resources as of 2017 was passed by two California legislative committees yesterday.

The Assembly Utilities and Commerce Committee passed the measure after a year's delay, along with a companion measure providing funding for renewable energy via a public goods charge. The public goods charge would appear as a 3 percent surcharge on electricity bills.

The 20 percent requirement, presented by Senator Byron Sher, D-Stanford, was also passed by the Assembly Natural Resources Committee later yesterday.

The bill now makes it way to the Assembly Appropriations Committee.

Sher brought the measure forward in response to increasing dependence on natural gas as an energy source in California.

Among others, members of the Union of Concerned Scientists, Governor Gray Davis, and investor-owned utility Southern California Edison are in favor of the bill, although the other major California utilities, Pacific Gas & Electric and San Diego Gas & Electric, are opposed.

Also on Monday, the California Assembly passed a bill yielding the state more authority in plant construction. The bill allows the California Energy Commission to cancel a plant construction permit if the permit-holder does not begin construction within 12 months of permit issuance.

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