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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's Natural Gas Prices Lead to Another Lawsuit

LCG, August 2, 2004--San Diego County has filed a lawsuit in San Diego Superior Court against major energy providers charging that the companies created fictitious supply shortages and fraudulently manipulated prices to raise profits and gouge California consumers. The companies identified in the lawsuit are: Dynegy, Encana, Aquila, Reliant Energy, CMS Energy, Coral Energy Resources, and Sempra and its subsidiaries - including San Diego Gas & Electric Company and Southern California Gas Company.

Last month, similar lawsuits related to natural gas price manipulation were filed in San Diego County by San Francisco and Santa Clara counties against the same energy companies. Sempra has stated that the allegations are without merit.

On July 28, Sempra Energy agreed to pay $7.2 million to settle allegations of Enron-like market manipulation during the 2000-2001 electricity crisis. "Under terms of the settlement, Sempra Energy trading has expressly denied the allegations raised by FERC," said Doug Kline, a Sempra spokesman.

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