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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

Ontario Asks Consumers to Lower Power Usage

LCG, Mar. 3, 2003--A bout of record-setting, low temperatures in the Canadian province of Ontario has led the Independent Electricity Market Operator (IMO) to seek lower power usage by consumers and commercial enterprises.

The request was made on Monday, and extends through 8 P.M. in the evening. The grid operator is issuing the plea due to low levels of reserve power made worse by the weather. If levels fall too low, the IMO might have to implement local blackouts, or risk instability of the transmission network, which could lead to loss of power throughout the system.
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