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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

TXU Plans New Coal-fired Power Plant in Texas

LCG, July 29, 2005--TXU Corp. submitted an application on Wednesday with Texas environmental regulators for an air permit in support of its plans to construct a 1,720-MW, electric generating station 120 miles southeast of Dallas in Robertson County, Texas. The project is targeted to commence operations in 2009 or 2010, at the earliest.

The proposed new plant, to be named Oak Grove, would be built on the site of an earlier project that was deferred in the 1990s. According to a TXU spokesperson, the site is adjacent to a TXU lignite mine, with access to rail lines and water supplies as well.
TXU stated that it is exploring the potential to partner with others, including local cooperatives and municipal systems, on the project.

TXU is not alone in pursuing the development of coal-fired power plants in Texas. Earlier this month, Sempra Generation, a subsidiary of Sempra Energy, submitted its air-permit application to the Texas Commission on Environmental Quality as part of its efforts to add a 600-MW, coal-fired unit at its Twin Oaks Power Plant near Bremond, Texas. The new unit is estimated to cost $750 to $800 million. Construction is expected to begin in 2007, with the plant operational in 2011.

TXU's and Sempra's affinity for new coal-fired capacity indicates a new direction for generation planning in Texas. The wave of new, efficient, natural gas-fired electric generators built in Texas over the past few years led to a surplus of generating capacity, which in turn has pushed older, less-efficient plants towards retirement.

Texas Genco LLC announced in January that it planned to retire nearly 3,800 MW of gas-fired generating units at six power plants in the vicinity of Houston. TXU also announced in January its plans to stop operating nine, 65-MW, gas-fired combustion turbines installed at Permian Basin and DeCordova Stations.

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