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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

GRDA Holds Groundbreaking Ceremony for Combined Cycle Project at Grand River Energy Center in Oklahoma

LCG, January 27, 2015-The Grand River Dam Authority (GRDA) held the groundbreaking ceremony on January 23 for its combined cycle project at the Grand River Energy Center in Chouteau, Oklahoma. The 495-MW, gas-fired generation project is estimated to cost $297 million and is scheduled for completion in early 2017.

The new combined cycle project will utilize the Mitsubishi Hitachi Power Systems Americas (MHPSA) J-Series gas turbine, and the installation of this MHPSA J-series will be the first in the nation. In January 2014, GRDA selected MHPSA to supply the M501J (328-MW) gas turbine, an SRT-50 (167-MW) steam turbine, and a generator to be supplied by Mitsubishi Electric Corporation.

The Grand River Energy Center, located approximately 35 miles east of Tulsa, currently includes two coal-fired units that were installed in the 1980s. GRDA plans to install new emissions control equipment on Unit 2. A number of options are under consideration for Unit 1, including: retiring the unit in 2016, installing emission controls, or converting the unit to burn natural gas, rather than coal.

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