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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

Santee Cooper Suspends Development of Coal-fired Power Plant in South Carolina

LCG, August 25, 2009--The board of Santee Cooper, South Carolina's state-owned electric and water utility, yesterday voted unanimously to suspend efforts to construct a 600-MW, coal-fired electric generating station in Florence County, South Carolina.

Santee Cooper identified three, primary reasons for discontinuing its efforts towards building the Pee Dee Energy Campus. First, the recession has reduced overall demand for electricity. Second, proposed federal government regulations regarding carbon emissions would significantly increase the operating costs of the coal-fired power plant. Third, Central Electric Power Cooperative, Santee Cooper's largest customer, plans to gradually reduce its reliance on using power supplied by Santee Cooper beginning in 2013.

The Pee Dee Energy Campus was scheduled to commence operations in 2012.
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