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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

FERC Approves Settlement - PJM Expansion Planned for this Fall

The Federal Energy Regulatory Commission (FERC) approved a contested settlement between PJM Interconnection (PJM), American Electric Power Service Corporation (AEP), the Public Service Commission of Kentucky and Kentucky industrial customers regarding the transfer of operational control of assets to PJM. At the same meeting on June 17, 2004, the FERC affirmed an administrative law judge's decision and ruled that the FERC may allow AEP to integrate into PJM.

The integration into the PJM regional transmission organization (RTO) is scheduled for October 1, 2004. PJM will then have functional control over AEP and Dayton Power and Light's transmission systems, including assets located in Indiana, Kentucky, Michigan, Ohio, Tennessee, Virginia and West Virginia. Last month, PJM integrated over 5,000 miles of transmission lines transferred by Commonwealth Edison (ComEd), becoming the world's largest grid operator.

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