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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

China Energy Chief Gone Missing

LCG, October 22, 2002-China's State Power Corporation chief has been officially missing for several weeks amid allegations of corruption.

Gao Yan, director of the State Power Corporation, may have gone to Australia to escape prosecution, some speculate.

In a second and likely related mystery, Shenzhen Energy Group chairwoman Lao Derong disappeared last week.

Some corruption experts contend that party leaders may be looking for officials to punish in order to take off some of the pressure from public outrage at widespread fraud.

Plans for prosecution of Yan comes as several other high-ranking Chinese officials find themselves under scrutiny. This year China Central Television executive Zhao An, as well as a number of banking and finance executives and China Everbright executive Zhu Xiaohua have been prosecuted and in some cases imprisoned for improper business practices such as taking bribes.

China's power chief was expected to resign this year after the country's deregulation began; China plans to split its State Power Company into a number of separate companies in an effort to create competition. Australian officials have so far been unable to verify whether or not Yan has entered their country.

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