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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

Washington State Storm Cuts Power

LCG, Oct. 29, 2003--Power was cut to over 100,000 electricity customers in Washington state, due to a storm that packed high winds on Tuesday.

The area affected included the Snohomish County Public Utility District, as well as north Seattle, and the counties of Skagit and Island. The latter counties are served by Puget Sound Energy. During the worst part of the storm, 82,000 customers lost power in Snohomish County PUD territory, and ferry travel was suspended on two routes and delayed on another.

Damage to buildings and equipment was sustained from the impact of 70 mph winds, which resulted from a cold front. Dust was a factor in a 30-vehicle accident on a state highway, although no fatalities were reported. The cold front could cause fruit still unharvested from orchards to be lower in quality, and might affect the yield from next year's harvest as well.
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