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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

CMS Traders Reported False Prices

LCG, November 5, 2002As the fourth energy company to reveal false reporting, CMS Energy Corp. announced yesterday that some of its traders yielded false prices to industry publications.

CMS, which employs less than 200 people in its electricity trading business, has not specified how many people were involved with bad price publication and insists that the company did not try to increase its share price or profits via manipulation.

Other companies whose employees reported false data include Duke, Williams Cos., and Dynegy.

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