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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

Recovery Efforts for Texas Power Outage Continue

LCG, June 7, 2004--An unprecedented set of power outages that affected 500,000 customers of TXU Electric Delivery, following two severe storms early last week, persisted to a lesser extent in some areas through the weekend.

By Friday, roughly 75 per cent of customers who had experienced outages had had service restored, according to TXU Electric Delivery's chairman and chief executive, Tom Baker. The first storm was of hurrice force and hit on Tuesday, June 1, while a second series of storms followed the next day.

In the course of the work by TXU crews and by crews from nine states outside Texas, 40,000 damaged, fallen or broken trees were removed, 23 substations were restored, 550 transmission and distribution poles were installed again, and 4,000 wires that were reported to have been downed were addressed.

"I appreciate the patience of those who are without electric service following this devastating series of storms," Baker said. TXU Electric Delivery is a subsidiary of TXU Corp.
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