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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

Progress Energy Carolinas Adds Peaking Unit in North Carolina

LCG, June 1, 2009--Progress Energy Carolinas yesterday announced that a new combustion-turbine (CT) unit was placed into commercial operation at the Wayne County Energy Complex near Goldsboro, North Carolina. The company installed the unit to meet the growing summer peaking load.

The new unit is the fifth CT installed at the Wayne County Energy Complex, which began operating in 2000. The new unit increases the electric generating capacity from approximately 668 MW to 836 MW. All five units are capable of using either natural gas or low-sulfur oil to satisfy fuel requirements.
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