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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

NRC Accepts Application for New Nuclear Station in Florida Proposed by Progress

LCG, October 7, 2008--The Nuclear Regulatory Commission (NRC) yesterday announced that it accepted for review, a combined construction and operating license (COL) application submitted by Progress Energy Florida (Progress) for two new nuclear reactors at a greenfield site in Levy County near Crystal River, Florida. The application was submitted on July 30.

Progress plans to install two Westinghouse AP1000 reactors that each have a nominal electric generating capacity of 1,100 MW. The AP1000 design incorporates passive safety features that rely upon natural forces and was certified by the NRC in 2006. The NRC is now reviewing a Westinghouse application, submitted in May 2007, to amend the certified design.

According to the NRC, accepting the application by the NRC does not preclude additional requests for information as the review proceeds; nor does it indicate whether the NRC will approve the license.

In April 2008, Progress announced that it had executed a letter of intent with Westinghouse Electric and The Shaw Group Inc. to purchase long-lead materials for the new nuclear reactors.

In July 2008, the Florida Public Service Commission approved the proposal by Progress for a determination of need to build the two reactors, with the first reactor scheduled to be operational in 2016, and the second reactor in the following year.
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