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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

Connecticut AG Opposes ISO-NE's Latest Proposal

LCG, September 8, 2004--ISO New England's (ISO-NE) latest proposal to the Federal Energy Regulatory Commission (FERC) to include two locational ICAP (Installed Capacity) markets in Connecticut is opposed by Connecticut Attorney General Richard Blumenthal, who estimates customers in the Southwest Connecticut market could annually pay as much as $100 million more for power. "It provides a windfall to power-plant owners and higher rates charged to one area of the state without any benefit to consumers."

The locational ICAP markets are designed to attract new generation on a locational basis, i.e., where it is needed given the location of load and transmission lines, to improve electric reliability. ISO-NE's original proposal of March 1, 2004 included four ICAP Regions: Northeast Massachusetts-Boston, Maine, Connecticut, and Rest of Pool. In response to specific directives from the FERC, the latest testimony submitted by ISO-NE splits Connecticut into two locational markets (Southwest Connecticut and Rest of Connecticut), recognizing the current transmission limitations.

In the long run, if generation is attracted (consistent with the objective of the market design) and/or transmission upgrades - such as the proposed Middletown-Norwalk transmission upgrade - occur, then the locational markets would see similar prices and could even be combined. However, electric infrastructure additions in Connecticut have been slow to occur at best.

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