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News
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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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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
Entergy Announces Agreement to Acquire 1,980-MW Power Station in Arkansas
LCG, December 10, 2014-Entergy Corporation announced yesterday that its subsidiaries, Entergy Arkansas, Inc., Entergy Gulf States Louisiana, L.L.C. and Entergy Texas, Inc. have signed an agreement to acquire the 1,980-MW Union Power Station from Union Power Partners, L.P., an independent power producer (IPP) that is wholly-owned by Entegra TC LLC. The purchase price of the plant is $948 million, and the target closing date is late 2015.
The Union Power Station is located on a 330-acre site near El Dorado, Arkansas and began commercial operations in July 2003. The natural gas-fired electric generating facility includes four, 495-MW combined cycle blocks. Each block includes two GE 7-FA combustion turbines with inlet air fogging, two Alstom heat recovery steam generators (HRSG) with supplemental duct-firing, and one GE single case, single flow axial exhaust condensing steam turbines.
The new acquisition agreement calls for both Entergy Arkansas and Entergy Texas to acquire one unit, and for Entergy Gulf States Louisiana to acquire two units. Furthermore, Entergy New Orleans will receive 20 percent of the output from the Entergy Gulf States Louisiana units via an at-cost purchase power agreement (PPA), which is subject to City Council of New Orleans approval.
Entergy's chairman and chief executive officer stated, "Our service territory is at the heart of an industrial renaissance that is built on competitive energy costs, low electricity prices and smart economic growth policies of our state governments. The acquisition of these highly efficient units at a price favorable to our customers will help us meet the increased demand and be a significant step in the ongoing modernization of our generating fleet."
The acquisition is contingent upon a number of factors, including obtaining necessary approvals and acceptable cost recovery from the various federal and state regulatory authorities.
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UPLAN-G
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PLATO
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