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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

California Solar Thermal Project Achieves "First Sync" to Grid

LCG, September 25, 2013--BrightSource Energy Inc. announced yesterday that the Ivanpah Solar Electric Generating System produced its first output of electricity when the Unit 1 station was synchronized to the power grid for the first time. The electric generating capacity of the project, located in California?s Mojave Desert, is 377 MW (net).

The Ivanpah Solar Electric Generating System project will be the world's largest solar thermal plant, utilizing 3,500 acres of public land. The project employs a power tower technology that includes large heliostats that track (in two dimensions) the sun throughout the day to focus the sun's energy on boilers positioned atop 459 foot tall towers. The sun's energy heats the water to create superheated steam that drives turbines and generators to produce electricity.

The project is jointly-owned by NRG Energy, Inc., BrightSource Energy, Inc. and Google. Bechtel is responsible for project engineering, procurement, construction and commissioning.

Pacific Gas and Electric (PG&E) has a power purchase agreement (PPA) for the energy produced from Unit 1 and Unit 3. Southern California Edison has a PPA for the power generated from Unit 2.
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