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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

Construction Begins at Majestic Wind Farm in Texas

LCG, September 17, 2008--Babcock & Brown announced yesterday that it has closed on the financing and has started construction of the Majestic Wind Farm, which is located northeast of Amarillo, Texas. The electric generating capacity of the project is 79.5 MW, and full commercial operation is scheduled to be achieved by year-end.

Babcock & Brown plans to dramatically increase its generating capacity in the region. A Babcock & Brown spokesperson stated, "The Majestic Project will be followed by Majestic II next year, and then by our 1,000 MW Panhandle Wind Project, once the ERCOT CREZ (Competitive Renewable Energy Zone) transmission facilities are in place."


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