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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

Indonesia to Deregulate Electricity Transmission

LCG, October 1, 2002-The world's fourth most populous country will permit private companies to purchase electricity transmission assets.

Indonesia's Mines and Energy Minister Purnomo Yusgiantoro announced today that private investment will be allowed so long as the state companies lack the financial strength to develop power projects.

According to current law, private investors can own power generators in Indonesia but cannot disrupt the state power monopoly on transmission and distribution.

It was not announced whether or not companies interested in investing in Indonesian transmission will have to work with or pay fees to the country's state transmission monopoly, Perusahaan Listrik Negara.

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