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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

Capacity Increase Planned for North Dakota Wind Farm

LCG, January 23, 2007--Minnesota Power announced Friday plans to purchase wind power from the Oliver Wind II Energy Center that is to be constructed in North Dakota. The wind project will be built, owned and operated by a wholly owned subsidiary of FPL Energy. The project, which has a design generating electric capacity of 48 MW, is scheduled to be operational by the end of this year.

The Oliver Wind II Energy Center is sited adjacent to the new Oliver Wind I Energy Center, which has a generating capacity of 50.6 MW and commenced operations last month. Minnesota Power purchases all of the output from Oliver Wind I under a long term purchase agreement and will purchase all of the power from Oliver Wind II.

The plans for the Oliver Wind II Energy Center consist of 32 wind turbines, each with a design capacity of 1.5 MW. The turbines are to be manufactured by General Electric.
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