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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Low Hydro Causes Manitoba to Import Power

LCG, Dec. 16, 2003--The worst drought to hit the Canadian province of Manitoba since 1988 has seriously cut into the amount of hydropower available to serve local demand.

Prolonged dry conditions and the increasing export of power to neighboring areas has led the utility Manitoba Hydro to begin importing power for the first time in over a decade. Purchases of power have exceeded sales by about nine-hundred thousand megawatts for the past six months. Local generation is at 60 percent of normal, according to spokesman Glenn Schneider.
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