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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

NRG Plans Fuel Switching from Coal to Gas to Avoid Plant Closures

LCG, June 26, 2013--NRG Energy (NRG) announced plans Monday to retrofit the 330-MW, New Castle power plant to switch from burning coal to natural gas. The 60-year old plant, located in Pennsylvania, had been scheduled to close by April 2015 due to environmental regulations associated with burning coal. With the fuel switching, the plant will be reactivated, and the anticipated commercial operating date (COD) for gas-fired operations is the summer of 2016.

NRG merged with GenOn Energy Inc. in December 2012, and GenOn had previously announced the April 2015 closing date last year.

NRG's East Region spokesperson stated, "The New Castle plant shutdown was announced because it would have required a substantial investment in environmental controls to continue to operate as a coal-burning facility. But we looked at it and decided it could be operated economically on natural gas. We won't have to install the extremely expensive controls that would have been required to continue operating on coal."

Following the reactivation, the New Castle plant is anticipated to change from a serving a base-load role to a peaking role, when electric demand peaks.

Other plants targeted by NRG to convert from coal to gas and reactivate are the 732-MW Avon Lake power plant in Ohio by the summer of 2016, as well as the 75-MW Dunkirk Unit 2 in New York.
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