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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

U.K. Opens Way for Large Increases in Windpower

LCG, July 24, 2003--An increase in offshore wind generation is being sought by the U.K. government, which announced that invitations will be made to bid on options to lease sites that could see the installation of 1,500 turbines over 100 meters in height.

Previous proposals regarding electricity generation from wind had represented one-fourth as much capacity as the current one. The announcement by the trade and industry secretary indicated that construction could create 20,000 jobs related to construction and engineering, and that the plans would enable progress on reaching a 10 per cent minimum requirement for renewable power by 2010.

Bidders for the sites, in three coastal areas up to 10 kilometers from shore, may include oil companies and power providers such as PowerGen, Innogy, Scottish and Southern & Scottish Power. While wind developers and Greenpeace, the environmental group, heralded the significant boost in support for wind technology, Vince Cable, a Liberal Democrat, noted that a variety of renewable technologies, including tidal and solar power, should be supported through regulatory means, and that a single source should not be the entire focus of such development.
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