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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

IPL and enXco Commit to Another Wind Project in Minnesota

LCG, July 23, 2009--enXco announced Tuesday that it executed a 20-year, power purchase agreement (PPA) with Indianapolis Power & Light Company (IPL) for the electricity generated from the proposed Lakefield Wind Project located in southwestern Minnesota. enXco will develop, construct, and own the project.

The 201-MW Lakefield Wind Project is scheduled to commence operations by the end of 2010, given timely regulatory approval from the Indiana Utility Regulatory Commission and the Minnesota Public Utility Commission.

The project scope includes 134 1.5 MW GE wind turbines. enXco Service Corporation will operate and maintain the project.

Last October, IPL and enXco committed to the development of the 106- MW Hoosier Wind Park, which is now being build in Benton County, Indiana.
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