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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Nevada Utilities Contract for 50-MW Solar Plant

LCG, December 23, 2002--Power purchase agreements have been signed by two Nevada utilities, Nevada Power and Sierra Pacific Power, for output from a planned 50-megawatt solar plant to be built by Duke Solar, a Duke Energy affiliate.

Nevada Power has contracted for about two-thirds of the plant's generation, while the remaining third will go to Sierra Pacific Power. Duke has indicated that the facility, near Boulder City, will start operation in March 2005. The price at which at the power would be purchased was not revealed.

The purchases follow a half dozen contracts for 227 megawatts of wind and geothermal power, based on a state requirement next year that five percent of Nevada utilities' sales be from renewable sources. Next year's requirement will not be met by the utilities. By 2005 and 2006, however, the corporate parent of Nevada Power and Sierra Pacific Power, Sierra Pacific Resources, should meet and then surpass the requirement, which is due to increase to 15 percent by 2013.

The plant to be built will heat oil by using parabolic troughs lined with mirrors. The oil will then heat water for use in a steam turbine.
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