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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

PSEG's Bethlehem Energy Center Commences Operations

LCG, July 19, 2005--Commercial operation of PSEG Power's new Bethlehem Energy Center began yesterday. The gas-fired power plant is located along the Hudson River, three miles south of Albany, New York and is built on the site of the Albany Steam Station, which was retired in February.

The Bethlehem Energy Center is a combined-cycle power plant with a generating capacity of 750 MW that is based upon the output from a GE Frame 7F system. Construction on the plant, acquired from Niagara Mohawk, began in mid-2002.

The new, $500 million plant attracted support from environmental organizations because of its design. The plant will significantly reduce air emissions relative to the old, 376 MW, oil-fired plant. The new plant employs a closed-loop cooling system that will considerably reduce water consumption from the Hudson River.

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