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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

Alberta Minister Seizes on Russian Stance on Kyoto

LCG, Sept. 30, 2003--The Alberta Environment Minister Lorne Taylor found some accord with remarks made by Russian President Vladimir Putin that indicated some doubt as to whether the Russian government should ratify the Kyoto accord on climate policy.

Russia represents 17 per cent of the emissions represented by possible signatories of Kyoto, while voting equivalent to 55 per cent of the emissions represented is required for the treaty to go into effect. This gives Russia the ability to derail the climate accord if it fails to ratify it. Taylor expressed the opposition of some Alberta industry representatives and government officials to what they see as economic fallout from Kyoto, given that Alberta depends heavily on energy resource extraction. According to Taylor, who spoke to the Edmonton Journal from the five-day World Cimate Change conference, Putin "very clearly said exactly what Alberta's been saying, we'd better understand the mechanisms and the effects on the economy before we rush forward with ratification."

Taylor will discuss possible ways to reduce emissions without Kyoto when he meets with governors in energy-rich areas of Russia. Environmentalists, as well as Canadian Environment Minister David Anderson, voiced some confidence that Russia will vote to ratify the treaty, and attributed Putin's remarks that warmer temperatures "would not be scary, maybe it would be good," to political posturing before upcoming parliamentary elections. Putin said, "A decision will be taken when this work is finished."
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