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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

Development of Iowa Plant Halted

LCG, Feb. 19, 2002--A 615-megawatt gas-fired power plant that was planned for installation in Orient, Iowa, has been cancelled by developer Entergy Corp.

According to a spokesman for Entergy Asset Management, Larry Daspit, "we felt we were headed for an overbuilt situation coupled with the recession and rising natural gas prices." The plant was first announced in July 2001, a time when the spot market price for natural gas was at half its current level.

The Iowa Utilities Board granted Entergy's application to cancel the plant. Daspit commented, "The economics were not there. It's a very tenuous market." Entergy Asset Management will consider enlarging its generation portfolio through acquisition of projects either operating or under construction.
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