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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

GE Introduces Most Efficient Turbine to Date

LCG, Dec. 10, 2003--A gas turbine that would surpass all existing simple-cycle turbines in efficiency was formally introduced today by GE at the Power-Gen International conference in Las Vegas.

The LMS100 is a 100-megawatt turbine that will undergo development testing in May 2004, and is aimed at the peak and mid-range markets. It is novel, GE announced, in that it achieves efficiency of 46 percent by including components from GE Power Systems' heavy-duty frame gas turbines and GE Aircraft Engines' aeroderivative gas turbines.

"This program is a first for GE in that not only are multiple businesses providing development expertise, but they are also designing, manufacturing, sourcing, assembling and testing the product," the president and CEO of GE Aircraft Engines, David Calhoun, said.

Although the LMS100 is a simple-cycle turbine, it claims efficiency of 40% at 50% of its capacity, indicating better efficiency than some turbines realize at full output.
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