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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

German Courts Uphold Injunction Against E.On Takeover

LCG, December 17, 2002-German judiciaries continue to block E.On's takeover of Ruhrgas.

E.On, Europe's second largest utility, tried to purchase the German gas company Ruhrgas earlier this year, but various other energy companies complained that the takeover is unlawful and would limit competition.

The Dusseldorf state court ruled this August that the sale had procedural flaws. Today, despite the German Economics Ministry revision of the deal, the court ruled to uphold the injunction blocking the takeover. A final ruling is due in February regarding whether or not the sale will be allowed to continue.

E.On has said it will continue to pursue the takeover with all resources available, noting that the acquisition would secure German gas supply.

Competitors to E.On believe the conditions of the sale are too permissive, and they worry that foreign competition will be forced out of Germany.

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