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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

Genesee 3 Coal Unit Achieves Commercial Operations

LCG, March 2, 2005--EPCOR Utilities Inc. and TransAlta Corporation announced that the new, 450-MW Genesee 3 unit is operational effective today. The new unit, G3, employs advanced technologies, including supercritical combustion and emission controls, and is described by its owners as the most advanced coal plant ever built in Canada.

G3 is a joint venture between EPCOR and Transalta. In January 2003, TransAlta acquired a 50 per cent interest in EPCOR's G3 project. TransAlta's share of the project is estimated to cost $379 million. EPCOR led the construction and will operate G3 along with the existing units 1 and 2, which are located about 30 miles southwest of Edmonton. The generating station is located adjacent to the fuel source, the Genesee coal mine.

With the supercritical boiler, G3 operates at higher temperatures and steam pressures to achieve a more energy efficient process with lower emissions as well. The unit is capable of operating with a minimum net output of 176 MW.

Last December, Transalta announced that it would amend its plans to contruct the 900-MW, Centennial coal plant with a smaller, 450-MW plant that is based upon the supercritical design used for G3. The estimated cost for the revised Centennial 1 project, located about 40 miles west of Edmonton at its Keephills facility, is $750 million.

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