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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

China Announces Plans for 30 Nukes

LCG, August 29, 2003-Chinese officials have said that the country expects to build 30 nuclear plants over the next 17 years.

China suffers from serious air pollution troubles, due to its overwhelming dependence on coal as an energy source. For the last couple years the world's most populated country has been making serious efforts to limit its coal use, moving industries out of cities and looking into alterative fuel sources.

According to the People's Daily, the country is looking to add 32,000 to 40,000 megawatts of nuclear power capacity by 2020.

China approved construction of four nuclear plants this year, at a cost of roughly $6 billion. They will be built in Zeijiang province and Guangdong province.

Earlier this month China also announced it will go ahead with the construction of what will be its largest nuclear plant. The giant, $8 billion plant will be built in Yangjiang city and have a capacity of 6,000 megawatts.

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