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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Duke to Issue RFP for Electric Generating Capacity in Florida

LCG, September 26, 2013--Duke Energy Florida earlier this week announced that it will issue a Request for Proposals (RFP) to supply approximately 1,640 MW of electric generating capacity beginning in 2018.

New proposals to provide generating capacity will compete with Duke Energy?s self-build option to install a natural gas-fired, combined-cycle facility in Citrus County Florida.

"We have a need for significant generating capacity in 2018 and through the RFP process, we will be able to identify the most cost-effective, safe and reliable generation source for our customers," said Duke Energy state president - Florida.

The company will issue the RFP on October 8, 2013. A pre-release meeting is scheduled for October 2, 2013, and a meeting for interested bidders will occur on October 18, 2013. Following the completion of evaluating the proposals, a short list of proposals will be announced next March. Finalists are scheduled to be named in May 2014, and the award announcement is expected by August 2014.

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