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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

Southwest Valley 500-kV Project Operating

LCG, June 30, 2003--The Salt River Project and Arizona Public Service Co. on Friday marked the completion of installation and beginning of operations for the 37-mile, 500-kV-rated Southwest Valley Transmission Project.

The utilities, which are the largest in Arizona, divided construction management of the transmission line (Arizona Public Service) and 500/230-kV substation (Salt River Project). The new line will allow transmission of 1,263 megawatts from the Palo Verde Nuclear Generating Station.

In tribute to what SRP President Bill Schrader called "tireless contributions toward improving our quality of life here in the West" by five-term U.S. congressman and four-term SRP board member Elton Rudd, who played a significant part in affecting decisions concerning water reclamation, flood control and environmental planning, the substation was commissioned "Rudd".
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