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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

Gas Drilling Sites Selected Off Canadian Coast

LCG, June 16, 2003--Two companies working on a natural gas project off Nova Scotia announced today that they have selected a location for drilling to take place later this year that is 275 kilometers (approximately 171 miles) southeast of Halifax.

The companies, Canadian Superior Energy Inc. and El Paso Corp.'s Canadian subsidiary, purchased the site in November 2001, with an outlay of $15.5 million ($11.54 US) they said they would spend on exploration. Canadian Superior is also developing a deep-water site, Mayflower, that is 460 kilometers (286 miles) east of Boston.

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