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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

DOE Authorizes Additional LNG Exports at Texas Freeport LNG Terminal

LCG, November 26, 2013--The U.S. Energy Department (DOE) earlier this month conditionally authorized the Freeport LNG Expansion to export greater volumes of liquefied natural gas (LNG) to countries without a Free Trade Agreement (FTA) with the United States from the Freeport LNG Terminal, which is located at Quintana Island, Texas.

The Freeport LNG Terminal had received earlier this year approval to export 1.4 Bcf/day of LNG to non-FTA countries. The additional export capacity is 0.4 Bcf/day, or a total of 1.8 Bcf/day. The authorization is subject to environmental review and final regulatory approval.

The DOE's summary findings stated, "Based on a review of the complete record and for the reasons set forth below, DOE/FE has concluded that the opponents of the FLEX Application have not demonstrated that the requested authorization will be inconsistent with the public interest and finds that the exports proposed in this Application are likely to yield net economic benefits to the United States."

Natural gas will be transported via pipeline and will be pretreated near Freeport LNG's existing metering, compression and underground storage facilities. The pretreated natural gas will then be delivered to the terminal through Freeport LNG?s existing gas pipeline. At the terminal it will be liquefied and then stored in full-containment LNG storage tanks. LNG will be exported from the terminal by LNG carriers arriving via marine transit through the Freeport Harbor Channel.

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