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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

Constellation's Hillabee Power Plant Begins Operations

LCG, June 8, 2010--Constellation Energy today announced that commercial operations commenced of its 740-MW, Hillabee Power Plant, located near Alexander City, Alabama. The project is expected to satisfy existing customer load obligations and meet increasing electricity loads in the region.

The natural gas-fired facility was purchased from Calpine Corporation in February 2008, when it was only partially complete, for $156.9 million (including direct costs). Calpine initiated construction of Hillabee in 2001, but discontinued work in 2003.
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