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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 Barred from Trading on California Grid

LCG, Feb. 12, 2002--The California Independent System Operator yesterday prevented further trading by Enron Corp. through the market overseen by the grid manager, for posting less collateral than required and underreporting its trade volume.

"Enron cannot make payments based on speculation or guesses," Enron said in attempting to explain why it apparently underreported by up to $50 million how much power it bought and sold. The bankrupt company said that meter readings concerning service to retail customers and wholesale trade had been incorrect, based on errors by the company responsible.

A disagreement had arisen over the amount of collateral Enron should have provided the ISO, after Enron did not give specific trade volumes to the ISO. Enron does not in fact have retail customers of its own anymore, but ceded them to established utilities.
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