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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

Bruce Power Files with CNSC to Build New Nuclear Reactors

LCG, August 18, 2006--The Canadian Nuclear Safety Commission (CNSC) yesterday received an application from Bruce Power to prepare a site for the potential construction of new reactors at its existing nuclear site near Kincardine in southwestern Ontario. Potentially four, 1,000-MW reactors may be installed.

The development of an environmental assessment (EA) is a key hurdle to clear prior to the licensing of a new nuclear reactor. Bruce Power expects that the EA may require three years to complete.

Bruce Power is Canada's only private nuclear generating company, and it currently operates the Bruce A and Bruce B nuclear power stations. The two stations include six active units and two, 750-MW units that are in the process of being refurbished. The two units that are being refurbished originally commenced operations in 1977 and were shut down in 1995 and 1997 by the prior owner, Ontario Power Generation. Bruce Power anticipates the units will return to service in 2009. With the reactivation of the two units, more than 6,200 MW of electric generating capacity be available from Bruce A and B - before adding any capacity from new reactors.







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