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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

California Water Prospects Not Too Dismal

LCG, October 1, 2002-The California Department of Water Resources is projecting that water supplies are adequate and that there is a possibility of above-average precipitation this winter.

Adequate water supplies are good news for Californians, especially the drought-ridden residents of Southern California, but increased rainfall this next rain year would ensure that the state's hydroelectric plants will be able to continue to supply significant electricity capacity.

Limited precipitation in recent years may have contributed to the energy crisis of 2000/2001 in that hydroelectric dams could not supply as much capacity to the state.

DWR officials are unable to say for certain whether or not this new rain year, which begins October 1, will bring more rain than the last two dry years did. However, experts do say that there is a significant chance of above-average rainfall. The possibility of an El Nino event is limited but not at all out of the question.

Precipitation in 2001 and 2002 was less than normal, and in Southern California, some areas have just experienced their driest year on record.

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