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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

Exelon Announces Plan to Install 195 MW of Additional Peaking Capacity in Medway, Massachusetts

LCG, February 6, 2015--Exelon Generation announced yesterday that it will add two gas-fired peaking units at an existing power plant in Medway, Massachusetts. The expansion project is in the permitting phase now, and construction is expected to begin in 2017. The project is scheduled to be completed by the summer of 2018.

The project will add 195 MW of capacity to the existing West Medway Generating Station, which was acquired by Exelon from Boston Edison in 2002. The existing plant capacity is 117 MW and includes three peaking units that can be fueled by either natural gas or oil. The two new units will also have dual fuel capability.

The new peaking capacity is planned to improve regional reliability and complement the growing intermittent solar and wind resources.

The president of Exelon Power stated, "We are excited to develop this new project in the greater Boston area.This project demonstrates the new 'pay for performance' capacity construct works and that it will attract development of new resources needed in the region."
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