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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

Enron's Former Treasurer Under Investigation

LCG, Dec. 30, 2002--The former treasurer for Enron, Ben Glisan Jr., acknowledged in a filing last week in Houston federal court that he is the subject of investigation by the Justice Department, which tried in October to freeze assets in accounts held by Glisan.

Although Glisan is not what is known as a "target" of the investigation, federal prosecutors' labelling of him as a "subject" means in standard terminology used by the Justice Department that his role within Enron may shed light on criminal activity. With his background in accounting, Glisan was one of chief financial officer Andrew Fastow's most senior associates. His filing argued that the attempt to have more than $600,000 worth of assets held in a brokerage and other accounts seized could, if successful, mean that "his right against self-incrimination in the related criminal investigation will be burdened."

According to the Justice Department, the assets were the result of criminal activity, and came from investments in partnerships run by Andrew Fastow which were represented as being independent of Enron. Mr. Glisan had made investments of $5,800 that returned $1 million. Another executive who worked closely with Fastow, Michael Kopper, pleaded guilty in October to conspiracy to defraud Enron and its investors. That plea led to the Justice Department's forfeiture action.

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