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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

Tokyo Electric Operates One Nuclear Reactor

LCG, May 9, 2003--A single nuclear reactor out of Tokyo Electric Power Company's (TEPCO) fleet of 17 such power plants was restarted this week, following an inspection that turned up no cracks or structural deficiencies.

The fleet was completely shut down on April 15, but other than the 1,350-megawatt No. 6 reactor, the utility has no immediate plans to restart others. The shutdown was initiated due to revelations concerning cover-ups of the discovery, at certain reactors, of cracks. The cost of either purchasing power or running fossil-fuel plants in its fleet has impacted TEPCO, which may have to bring new plants into operation before their scheduled start dates, and has made corporate users aware that they can receive discounts for lowering consumption.

The company has disclosed that with the increased demand for power expected during summer, a minimum of 10 of the reactors will need to be restarted to avoid a serious power emergency. The No. 6 reactor was shut down in January for a regular inspection, and is located about 155 miles north of Tokyo.
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