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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

Ethanol Requirements are Sticking Point in Energy Legislaton

LCG, Oct. 20, 2003--A comprehensive national energy bill could be submitted for voting next week, but meanwhile, Republican House and Senate leaders are working to resolve differences that include questions on treatment of ethanol, the corn-based fuel.

A doubling in the share of ethanol as a percentage of overall fuel consumption is possible, although some legislators disagree on how much choice states should have on the amount of ethanol they might be required to purchase. Tax incentives of approximately $18 billion are a key part of the bill, which would promote new power plants, as well as research into fuels.

While Democrats have said that Republicans have generally not included them in negotiations, regional distinctions are clear on some issues among Republicans. Southern and Western representatives are less inclined go forth with de-centralizing large utilities. No consensus has emerged on where funds for upgrading strained transmission infrastructure should come from. If the bill is not completed by next week, negotiations may last through January of next year.
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