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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

Power Outages Follow Ice STorm

LCG, Apr. 7, 2003--Power service to over 200,000 electric power customers was cut off after a weekend storm left snow and ice in the upper Midwest, upstate New YOrk, and northern New England.

Michigan had 170,000 customers who experienced outages, while 100,00 were without power in New York state. Most of the outages were due to a coating of ice that weighed down and felled trees or branches, bringing down lines.

Utility crews have restored some of the outages, although on Monday morning, 11,000 out of 80,000 customers of Rochester Gas & Electric (a New York utility) who had lost power had had it restored. A second storm was forecast for the Northest and mid-Atlantic states today, and could result in 6 to 10 inches of snow.
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