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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

PG&E Signs Agreement for Wind Power from Oregon

LCG, August 22, 2008--Pacific Gas and Electric Company (PG&E) yesterday announced that it has executed a long-term power purchase agreement (PPA) with Klondike Wind Power III LLC, a subsidiary of Iberdrola Renewables, for the power from the Klondike wind facility in Sherman County, Oregon. Deliveries from the 90-MW wind farm are scheduled to commence in December of this year.

Last Friday PG&E announced that it executed two contracts for solar electricity generation totaling 800 MW of photovoltaic (PV) capacity. Construction of both solar farms is scheduled to begin in 2010.

At the southern end of California, PG&E's neighbor, Southern California Edison (SCE), announced Monday that it had executed a 20-year contract with DCE, an affiliate of Caithness Energy, for power from another Oregon wind project, Shepherd?s Flat. This new project will include 303 wind turbines with a combined electric generating capacity of 909 MW. The turbine installation is scheduled to occur in the years 2011 and 2012.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.
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