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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

Luminant's New Coal-fired Unit Operating in Texas

LCG, June 4, 2010--Luminant announced yesterday that its second and final unit at the new Oak Grove Power Plant has achieved substantial completion, with day-to-day operations now transitioning to Luminant. Once final on-line testing is complete, the unit will be fully available for reliability dispatch by the Electric Reliability Council of Texas (ERCOT).

Luminant's spokesperson stated, "This significant milestone means the new unit is now fully operational, making additional baseload generation available for our state at an ideal time - as we head into our peak summer season."

The Oak Grove Power Plant, located near Franklin in Robertson County, includes two, 800-MW units that burn lignite from the Kosse Mine. Unit 1 reached substantial completion late in December 2009.
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