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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

Southern to Acquire 299-MW Wind Project in Oklahoma

LCG, April 1, 2015-Southern Company subsidiary Southern Power announced yesterday an agreement to acquire its largest renewable electric generating facility and first wind project - the 299-MW Kay Wind facility in Oklahoma - from Apex Clean Energy. The acquisition is scheduled to close late this year following the successful completion of the project, which is located north of Oklahoma City. The acquisition is part of Southern Power's business strategy of growing the wholesale business in targeted markets through both acquiring generating assets and building new units, the output of which is significantly covered by long-term contracts.

The power and associated renewable energy credits (RECs) produced by the wind farm will be sold under 20-year power purchase agreements (PPAs) with Westar Energy, Inc. in Kansas and Grand River Dam Authority (GRDA) in Oklahoma. Westar has contracted for approximately 199 MW and GRDA has contracted for approximately 100 MW. Both companies will have the option to either retain or sell the RECs.

Southern Company's Chairman, President and CEO stated, "Southern Company first earned a reputation as a national leader in renewables through Southern Power's investments in utility-scale solar. Through the acquisition of the Kay Wind project - the Southern Company system's first wind facility and largest renewable energy project to date - we are further diversifying our generation portfolio by expanding to a region with abundant wind resources."

The Kay Wind project will be operated and maintained by Apex Clean Energy and is expected to achieve commercial operation in the fourth quarter of 2015. Siemens will provide 130 wind turbines for the project, including equipment, support for the installation and long-term service for the SWT-2.3-108 wind turbines. Blattner Energy, Inc. will serve as the engineering, procurement and construction (EPC) contractor.

With the addition of the Kay Wind project, Southern Power will own more than 970 MW of renewable energy generating capacity that is either already in operation or under development.
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