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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

Peabody Energy Receives DOE Grant for New Mexico Power Plant

LCG, October 19, 2004--Peabody Energy received a $19.7 million Clean Coal Power Initiative grant from the U.S. Department of Energy fordemonstrating technology to achieve ultra-low emissions at the proposed 300 MW Mustang Energy Project located near Peabody's Lee Ranch Coal Company operations in New Mexico.

The plant would demonstrate on a commercial scale a technology that operates in a manner similar to a traditional scrubber system. The system will employ sodium bicarbonate (baking soda) in the scrubber and is expected to achieve 99.5 percent removal of sulfur dioxide, 98 percent removal of nitrogen oxide and 90 percent removal of mercury. The sulfur and nitrogen byproducts will be used to create high value, granular fertilizer. The plant will use low-NOx burners, fabric filtration and a dry cooling system to minimize emissions and water consumption. The Department of Energy grant will be repaid as the technology is demonstrated.

Peabody's announcement did not include a target operational date or information regarding buyers of the plants output.

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