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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

Search for Missing Fuel Rods at Vermont Nuclear Plant

LCG, Apr. 23, 2004--Officials at the Vermont Yankee nuclear reactor, as well as representatives of the Nuclear Regulatory Commission, are involved in searching for two small but highly radioactive spent fuel rods that had been stored in a pool reserved for such rods.

The owner of the Yankee plant, Entergy Corp., issued a statement saying, "Vermont Yankee has an extensive system of radiation monitors and, due to the radioactive nature of the material, the segments could not have been inadvertently removed from the pool in anything other than a container specifically designed... to contain radioactive material." Anyone exposed to the rods without the benefit of a form of shielding would experience a fatal amount of radiation.

According to records, the rods were put into the pool in 1979, after being put into a stainless steel container. A similar situation ended in a nuclear plant in Connecticut being fined $288,000; the misplaced fuel did not surface. Vermont Gov. James Douglas spoke with the NRC's head, and called the misplacement of the rods "intolerable." The rods, which have the thickness of about a pencil, could conceivably be used to make a "dirty bomb."
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