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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

LNG Terminal Proposal for Northern California Cancelled

LCG, Mar. 19, 2004--A proposed liquid natural gas terminal that Calpine Corp. hoped to build in Humboldt County, California's Humboldt Bay will not be pursued, following a meeting of the Eureka City Council, at which the majority of speakers voiced opposition.

Had the project gone ahead, it was to have started operations by 2011. The San Francisco Chronicle quoted Bill Highlander, a spokesman for Calpine, as saying, "We have withdrawn our plans. It became clear a majority of the community did not support the project, and community support for a project is very important to us."

Currently, there are four such terminals operating in the U.S. One of the reasons given for community opposition to Calpine's proposal, in addition to concerns over environmental damage to the bay, was the potential for an explosion at the facility. It is not known whether Calpine officials will pursue a similar project elsewhere in Northern California. In statements given before Congress, Federal Reserve Chairman Alan Greenspan has cited liquid natural gas imports as one way to raise the supply of natural gas, and respond to the increased use of the fuel for electricity generation and heating.
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