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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

Conversion of Coal-fired Plant Near Completion

LCG, Apr. 21, 2003--The shutdown of the coal-burning part of the Noblesville power plant in Indiana in late February will be followed in June by the start-up of three new gas-fired combustion turbines, according to Cinergy Corp.

The plant was rated at 90 megawatts previously, and with the operation of the gas turbines, will have a nominal capacity of 300 megawatts. The turbines from the coal plant will be run by steam created by the new turbines. Emissions will be reduced by 94 percent, PSI Energy Inc., the Cinergy subsidiary responsible for the conversion, said.

The same firm that designed the original NOblesville plant, Sargent & Lundy, has also done the engineering work for the current installation. It is thought that the facility will produce power for about half the year, for peak demand. The increased efficiency and reduced emissions may aid PSI Energy in reaching a final agreement with the Environmental Protection Agency over emission limits to accompany capacity expansion. Hamilton County will benefit from the new turbines, as its reserve margin has been as low as 1 percent in the past few years.
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