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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Hydrostor Announces Offtake Agreement with California Community Power for the Willow Rock Energy Storage Center

LCG, February 12, 2026--Hydrostor today announced that the Willow Rock Energy Storage Center has signed a 50 MW offtake agreement with California Community Power (CC Power) on behalf of six of its community choice aggregator members: CleanPowerSF, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy Authority and Valley Clean Energy Authority.

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Industry News

Gas Futures Trading Being Investigated by CFTC

LCG, Jan. 12, 2004--An increase in the price of natural gas futures of 48 percent on the New York Mercantile Exchange, as well as increased market volatility, has prompted the Commodities Futures Trading Commission (CFTC) to subpoena telephone records of firms involved in the market.

Storage levels of natural gas are normal, while temperatures have recently hit record lows in the Eastern U.s. Senators Joseph Liberman, D-Conn., and Orrin Hatch, R-Utah, have both drawn attention to the increase in natural gas prices that has occurred starting after Thanksgiving of last year. Lieberman requested that the CFTC investigate the possibility of market manipulation.

All firms trading in gas futures on the Nymex are effectively subject to the investigation, as the telephone records covering communications between traders are handled by a single company, Syntegra, which is a unit of BT Group PLC.

A spokeswoman for Nymex, Nachamah Jacobovits, was quoted by Dow Jones Newswires as saying, "Nymex is scrutinizing the market with a fine-toothed comb and monitoring because of the extreme volatility. We feel strongly that our systems are designed to handle extreme situations, but that includes scrutiny during times of extreme volatility."
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