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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

New Wind Projects Commence Operations

LCG, June 16, 2004--New wind turbines continue to be connected to the electricity grid across North America. Today, FPL Energy LLC, a subsidiary of FPL Group, and PPM Energy, Inc., ScottishPower's US energy business, hosted guests at the official commencement of operations for FPL Energys Wyoming Wind Energy Center in Uinta County, Wyoming. The project includes 80 turbines, with a project capacity of 144 MW. All of the output will be purchased by PPM Energy under a long-term contract.

Last week, the Creststreet Power & Income Fund LP announced that the first phase of construction is near completion and electrical power production from seven wind turbines has commenced at both its Mount Copper Project near Murdochville, Quebec and its Pubnico Point Project near Yarmouth, Nova Scotia. The second phase of construction, which includes bringing on-line an additional 40 turbines, is scheduled for completion in January 2005. When complete, the Mount Copper Project will have a 54 MW capacity, with Hydro Quebec purchasing the energy under a long-term contract. The capacity of Pubnico Point Project will be 30.6 MW, with production to be sold to Nova Scotia Power, Inc. under a long-term contract.

In California, Sacramento Municipal Utility District (SMUD) announced last week that it has added seven wind turbines, totaling 5 MW, to its Solano Wind Project in the Delta, south of Sacramento. SMUD has been generating electricity from this site since 1994.

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