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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

Winter Storm Cuts Power to Southeastern States

LCG, Feb. 28, 2003--Snow and freezing rain that fell yesterday in part of North Carolina and Virginia caused power outages affecting nearly 400,000 people through this morning.

The process of restoring power is being counteracted by the storm's continuation into today, with roads and power lines becoming coated in a thick layer of ice. Temperatures remained below freezing as the rain fell. Most of the customers who have lost power are in northern North Carolina, with about one-third of those in Winston-Salem.

"We've got a generator to power the radios and dispatch equipment, but that's about it," Jimmy Flythe, a district manager for public and business relations with Duke Power, told Dow Jones Newswires from an operations center in Lewsville, N.C.. Last night, Winston-Salem's Adam's Mark Winston Plaza Hotel was full to capacity, with over 600 rooms occupied.

Despite the severity of the storm, it has not affected as large an area as did a storm in December, which caused outages to 2 million customers, largely in the Carolinas.
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