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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 and MidAmerican Complete the 290-MW Agua Caliente Solar PV Project in Arizona

LCG, April 30, 2014-NRG Energy, Inc. (NRG), through its wholly-owned subsidiary NRG Solar, and its partner MidAmerican Solar yesterday announced they have achieved substantial completion of the Agua Caliente Solar Photovoltaic Facility, a 290 MW photovoltaic (PV) facility in Arizona. Pacific Gas & Electric Company (PG&E) contracted to receive the power generated by the facility under a 25-year power purchase agreement (PPA).

NRG Solar's president stated, "Large-scale utility accomplishments, like our Agua Caliente project, raise the bar in terms of our clean-energy technology and production. Proving that we can build both the world?s largest solar thermal and now one of the world?s largest solar photovoltaic facilities advance NRG?s mission to reshape the energy landscape that is incredibly beneficial to both the economy and in how we produce and consume energy. Whether it?s partnering, developing or investing, NRG will lead the way in providing a diverse set of solutions and technologies to get the US to the ultimate goal of providing affordable, reliable clean energy for everyone."

The Agua Caliente Solar Photovoltaic Facility site includes 2,400 acres of land located approximately 65 miles east of Yuma, Arizona. Agua Caliente is one of the first PV plants of this capacity to be connected to a 500kV transmission line. The project was designed and built by First Solar, Inc. using its advanced thin-film cadmium-telluride (CdTe) PV modules. FirstSolar will also operate and maintain the facility for NRG and MidAmerican Solar.

The project received a $967 million loan guarantee from the US Department of Energy?s Loan Programs Office.
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