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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

Alliant Acquires Mirant Plant

LCG, Feb. 4, 2002--A sales agreement made between Mirant Corp. and Alliant Energy Resources involving a 309-megawatt, gas-fired power plant has been finalized, the parties announced.

The plant, located in Neenah, Wisconsin, has a capacity of 309 megawatts, and has operated in simple-cycle mode since May 2000. Its output is sold under a power purchase agreement with WE Energies that lasts until June 2008.

The sale marks the first purchase of a power plant by Alliant Energy Generation, the Alliant Energy Resources subsidiary which since 2001 has been looking to acquire unregulated generating assets. Due diligence for the purchase was conducted by LCG Consulting, based in Los Altos, California.

"The successful closing of our first acquisition is a significant step in executing our unregulated generation strategy," Mike Maley, president of Alliant Energy Generation, stated.

Marce Fuller, president and chief executive officer of Mirant, noted that "This sale is an additional step in increasing our liquidity." The facility, which will be called Neenah Energy Facility, brought the company $109 million, with $300 million more in asset sales planned by the firm for this year.
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