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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

Sempra Subsidiary and Dynegy Unit Strike Liquified Gas Deal

LCG, February 18, 2003-Newly conceived Sempra LNG Corporation will give $20 million to Dynegy Midstream Services L.P. in an initial payment to purchase the Hackberry liquefied natural gas project.

The total development costs for the Louisiana facility are expected to be around $700 million. The plant will have a 1.5 billion cubic feet per day capacity and a storage capacity of 10.4 billion cubic feet.

The Hackberry project must still meet antitrust approval but has received the preliminary OK from the Federal Energy Regulatory Commission. The project is expected to begin operations in the beginning of 2007.

Sempra Energy Internation has also proposed a Mexican LNG project in Baja California, some 14 miles north of Ensenada. This project, if completed, would bring another 1 billion cubic feet per day in capacity.

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