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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

California ISO Approves Tehachapi Wind Transmission Project

LCG, July 30, 2004--The California ISO Board of Governors approved a new transmission project designed to increase transmission capacity from wind farms in the Tehachapi and Antelope Valley area to load centers in California. The current capacity of wind farms in the area is approximately 600 MW, with as much as 1,100 MW of additional wind projects planned, according to the ISO.

Southern California Edison is now expected to apply to the California Public Utilities Commission for approval to proceed and construct the 25-mile line, which is estimated to cost $94 million. The line may initially be energized at 230 kV and upgraded to 500 kV in the future. The new line could commence operations as early as December 2006.

The growth in generation from wind is driven in part by California's Renewable Portfolio Standard (RPS). The RPS requires 20 percent of the energy the Investor-Owned Utilities deliver to their customers to come from renewable resources by the year 2017.

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