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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Climate Trading Gains Momentum in EU

LCG, June 25, 2003--Lawmakers for the European Union will put a measure that would create a system for trading of carbon dioxide emission allowances to a vote before the European Parliament next Wednesday.

If approved, it would require that companies in industries such as oil refining, steel, cement, ceramics, glass and paper manufacturing release emissions based on tradable permits that would be priced by the market. The European Union could make progress towards emission reductions under the United Nations Kyoto Protocol. No decisions have been made yet on how to allocate the initial set of emission credits to particular industries, although the credits would be allocated by January 2005.

If companies fail to reduce emissions to match the number of credits they have or do not buy enough additional credits, they would have to pay fines of 40 euros per ton, and 100 euros by 2008. The trading of credits by EU companies would be allowed only within the EU at first, but might be allowed with companies elsewhere at a later date.
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