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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

AMSC Signs Agreement with Dongfang to Develop 5 MW Wind Turbines

LCG, January 6, 2010--American Superconductor Corporation (AMSC) announced yesterday that its wholly-owned AMSC Windtec™ subsidiary executed an agreement with Dongfang Turbine Co. Ltd. (Dongfang) to design and jointly develop 5 MW wind turbines for the offshore market.

Dongfang has exclusive rights to the 5-MW, offshore wind turbine designs in China and plans to begin supplying the global offshore market in 2012. According to the press release, AMSC has the right of first refusal to supply the core electrical components for Dongfang's 5 MW wind turbines.

Dongfang plans to commission shortly its first prototype 2.5-MW wind turbine designed under an earlier agreement with AMSC Windtec. Full production is expected to commence in the latter half of this year.

Dongfang is a subsidiary of Dongfang Electric Corporation, China's largest provider of power generating equipment and electric generating stations. In 2004 Dongfang Turbine entered the wind power market and became China's third largest wind turbine manufacturer in 2008.
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