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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

Northeast Transmission Operators File to Create Seven-State RTO

LCG, August 27, 2002After 8 months of planning, ISO New England and the New York Independent System Operator have asked federal officials to approve a northeast regional transmission organization (NERTO).

According to the grid operators, joining the regions transmission systems would stabilize the energy market and limit bottlenecks. Companies would also no longer incur fees charged for moving electricity from one system to the other.

The northeast market proposal, filed with the Federal Energy Regulatory Commission, includes allowance for reserve, day-ahead, and real-time markets, as well as locational marginal pricing and financial transmission rights.

NERTO would also adopt an independent board of directors and an advisory committee consisting of stakeholders.

According to the transmission operators, the joint market would be established by 2005 or 2006, although the merger would begin as soon as January 2003.

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