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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

Ausra's Solar Thermal Plant Commences Power Production

LCG, October 24, 2008--Ausra, Inc. yesterday celebrated, together with Governor Arnold Schwarzenegger, the opening of its Kimberlina Solar Thermal Energy Plant, located near Bakersfield, California. The project, which began construction only seven months ago, has an electric generating capacity of 5 MW. Pacific Gas and Electric Company (PG&E) will purchase the power from the facility.

The Kimberlina Solar Thermal Energy Plant facility incorporates Ausra's Compact Linear Fresnel Reflector (CLFR) solar technology, which is designed to use the sun's energy to boil water at high temperatures to power steam turbine generators, similar to traditional fossil-fuel power plants - but without air or water emissions. According to Ausra, a CLFR collector reflects and concentrates sunlight on an elevated absorber to roughly 30 times the intensity of sunshine at the earth?s surface.

The design can be scaled up to generate more power. Last November, PG&E announced a power purchase agreement with Ausra for the electric output from a 177-MW solar thermal power project proposed in central California in San Luis Obispo County. The project, Carrizo Plains Solar Power Plant, is scheduled to be operational in 2010. The solar collector footprint for the Carrizo Plains project will require about one square mile (640 acres) of land.

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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