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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

First Solar Sells 139-MW Campo Verde Solar Project to Southern

LCG, April 24, 2013--First Solar, Inc. announced yesterday the sale of the Campo Verde Solar Project to Southern Power (a subsidiary of Southern Company) and Turner Renewable Energy. The acquisition is the fifth by the Southern Power-Turner Renewable Energy partnership.

The Campo Verde Solar Project is a 139-MW project, located on a 1,443-acre site in Imperial County, California. The project will employ First Solar's thin-film, photovoltaic (PV) modules. Under the terms of the agreement, First Solar will construct the project and then operate and maintain the facility for ten years. Construction of the project commenced last December, and commercial operation is scheduled to begin this fall.

The power output from the project will be purchased under a 20-year agreement by San Diego Gas & Electric Company (SDG&E), a subsidiary of Sempra Energy.

Southern Company Chairman, President and CEO stated, "By acquiring the Campo Verde Solar Project ? our largest solar installation to date ? we're more than doubling our solar capacity and increasing the diversity of our generation fleet."

California's Renewables Portfolio Standard (RPS) requires investor-owned utilities, publicly owned utilities, electric service providers and community choice aggregators to increase procurement from eligible renewable energy resources, like the Campo Verde Solar Project, to 33 percent of retail sales by the end of 2020.
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