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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

Transmission from Alberta Could Serve U.S.

LCG, Feb. 7, 2003--Surplus power generated in Alberta's oilsands region could be transmitted to western U.S. customers, based on studies undertaken by TransCanada Power LP.

The project, called the NorthernLights line, would be a direct-current line with a capacity of 2,000 megawatts. Plants serving the line would be those in the Fort McMurray area, where several companies, including Syncrude Canda, Suncor Energy and Albian Oil Sands, have operations to produce electricity and steam.

The plans currently under review would mean construction would begin in 2005, with operation of the line starting in 2008. Representatives of TransCanada and Alberta Energy Minister Murray Smith made a trip this week to Oregon and Washington, where they saw possible customers for the power that would be made available.

Although U.S. customers are seen as having significant future demand for power, as much as 50% more by 2020 than current average daily demand, Alberta's Transmission Administrator will likely be involved in making sure that Alberta's customers receive enough power to maintain reliability in the province.
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