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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

Maryland Liquefied Natural Gas Terminal Reopening

LCG, February 13, 2003--Cove Point, a liquefied natural gas facility owned by Dominion Resources, will be reopened as part of a larger U.S. effort to meet increasing natural gas demand.

The plant was closed in the early 80's because it was not cost effective and demand was low.

However, that situation has reversed itself for a number of reasons. Gas field production from older sources is lower, gas imported from Canada declined last year by 4 percent, more U.S. natural gas is exported to Mexico, and many new natural gas-fired power plants have been constructed in the United States.

Cove Point has just 1 bcfd of gas capacity, equivalent to supplying 3.4 million homes/day but some involved believe it will have a larger effect on the natural gas market than its capacity implies.

Dominion expects to see 100 LNG ships dock at Cove Point in 2004, and is spending $187 million in restarting the plant. Dominion bought the plant from Williams Cos. in 2002.

Cove Point is slated to reopen in April or May this year.

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