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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

Austin Energy Opens Sand Hill Energy Center

LCG, November 5, 2004--The official opening of Austin Energy's new, 300-MW Sand Hill Energy Center occurred on Wednesday. The cost of the station, located near the Austin airport, was $177 million. Consistent with the Austin's environmentally sensitive outlook, the gas-fired, combined-cycle station will use reclaimed wastewater.

With the addition of the station, Austin Energy will begin the phased, shut down of the aging, gas-fired Holly Power Plant, which was built between 1960-74 in east Austin. In December of this year, two 100-MW units will be retired, with the two remaining 200-MW units to be shut down in December 2007.

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