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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

Collins Plant to Be Shut Down

LCG, May 28, 2004--An increasingly uncompetitive gas- and oil-fired generating plant located in Illinois, 60 miles southwest of Chicago, will be shut down after it fulfills contractual obligations through the end of the year, according to owner Midwest Generation.

The Collins plant was purchased by Midwest Generation from utility Commonwealth Edison in 1999, which continued to serve customers with output from the plant by signing long-term agreements with Midwest. Recently, Exelon Corp. has exercised fewer and fewer options it had purchased allowing it to obtain power from Collins, which led Midwest Generation to shut down two of five units at the plant in 2003.

Collins, built in the 1970's, has become less competitive due to the rise in natural gas prices since 1999. Edison Mission Energy, the corporate parent of Midwest Generation, as well as Midwest Energy Holding Company, an Edison Mission affiliate, have agreed with Midwest Generation that the best course of action will be to decommission the facility. At the same time, the six coal-fired plants owned by Midwest Generation have profited from the rise in the price of natural gas.
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