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News
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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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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
Enron's Short-term Trading Carried Outsized Risk
LCG, Dec. 12, 2002--During 2000 and 2001, the risks and rewards of Enron's energy trading operations grew quickly, well beyond what any comparable trading operation might have expected, according to internal records and interviews with former executives obtained by the New York Times.According to profit-and-loss statements within the company, Enron's traders made bets that resulted in over $100 million in profits being realized on at least 17 single days. The company's communications with analysts tended to downplay the degree of speculation inherent in bets on the direction of natural gas and electric power prices. Much of the trading was conducted by Enron with affiliates such as Portland General Electric, in what may have been an effort to boost price levels.Approximately $1.3 billion in net trading profits were realized in 2001 from gas and power trading on the West Coast. Kenneth Lay said in an interview in March of 2001, "We're basically making markets, buying and selling, arranging supplies, deliveries. We do not, in fact, speculate on where markets are headed."Following a profit of $485 million recorded for Dec. 4, 2000, a loss of $550 million took place on Dec. 12, after natural gas prices fell. Losses of $1 billion accumulated over that and two other days that month. Moody's Investors Service grew concerned at the size of that particular loss, which exceeded the company's risk limits, and as such, had to be reported to the board. The rating agency did not downgrade the company's debt, following a presentation by Richard Buy, the chief risk officer.Traders reportedly convinced board members that the risk being assumed was worth the potential profit. Enron's value-at-risk limits, representing the amount of loss considered tolerable within a single day, were raised from $80 million to $140 million towards the end of 2000. Currently, the company's former top trader, Timothy Belden, is cooperating with federal investigators, and has pleaded guilty to wire fraud for manipulating Western energy prices.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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