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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

Calpine Receives Local Support for Proposed Bay Area Power Plant

LCG, October 13, 2005--Calpine Corporation's (Calpine) proposal to trade land with the City of Hayward for a site to develop a new, gas-fired power plant was approved unanimously by the City Council in a vote Tuesday night.

The 600-MW project, known as the Russell City Energy Center, was proposed back in 2001, but California's energy crisis and Calpine's subsequent financial challenges put the project on hold. Now the energy outlook has changed, and California's thirst for electricity is growing. With the approval from the City Council, Calpine may trade 12 acres next to the city wastewater treatment plant for a 10-acres located nearby. The project, which would use water from the city's wastewater treatment plant for cooling, could be under construction by the summer 2007.

Calpine must obtain financing and amend and seek approval of its 2002-approved license from the California Energy Commission (CEC).

Winning local support for new power projects is an ever-growing challenge across the country, and Calpine's efforts included a planned $10 million contribution for a city library.

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