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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

Dominion Reaches Agreement on Emissions Plan for Salem Power Station

LCG, May 27, 2005--Dominion, one of the largest energy companies in the nation, announced that it has signed a consent order with the Commonwealth of Massachusetts and other stakeholders for a plan to reduce emissions at the Salem Power Station that will result in the station meeting State emission regulations.

The plan includes commitments from Dominion to keep the 745-MW plant, which is equipped to burn coal and oil, operating through at least September 30, 2008. The plant is a key source of jobs and tax revenues for the community. Dominion purchased the plant on January 1, 2005 from the bankrupt from USGen, which had threatened to close the plant to avoid the costs of installing emission control equipment.

One element of the plan is to change the quality of coal in order to reduce sulfur dioxide (SO2), nitrogen oxides (NOx), and mercury emissions from the station. Modifications to enable the fuel handling system to use low-emissions coal will also be required.

ISO New England had determined the plant is needed for grid reliability purposes and had moved to block the closure of the station. The new agreement regarding how the emissions will be reduced and how costs will be allocated was filed Wednesday with the Federal Energy Regulatory Commission, which must approve the pact.

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