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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

Northeastern, Mid-Atlantic States to Begin Talks on Plant Emissions

LCG, July 25, 2003--Discussion on a possible cap-and-trade program for power plant emissions will begin between the states of New York, Connecticut, New Jersey, Vermont, New Hampshire, Delaware, Maine, Pennsylvania, Massachusetts, and Rhode Island, with an agreement envisioned by April 2005.

The talks were proposed by Gov. George Pataki, of New York. The responses from the states have varied, with some, such as New Jersey, looking at restricting multiple pollutants, rather than creating a market for credits for carbon dioxide alone, which is what is addressed by Pataki's proposal.

The director of the air and energy program of the Natural Resources Defense Council, Ashok Gupta, told the New York Times that the conservation organization is "hopeful that this will be the precursor to a national cap-and-trade program for carbon dioxide." Thus far, the Bush administration has not given support to a cap-and-trade proposal by Senators Joseph Lieberman, D-Conn., and John McCain, R-Ariz., but has asked industry to consider voluntary reductions of their emissions, in the belief that outright limits would cause economic harm. It has also asked for more research into the science of global warming. Aides to Gov. Pataki, a Republican, have said that the talks do not represent conflict with the administration's climate policy.

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