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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Alliant Energy to Proceed with 500-MW New Wind Project

LCG, October 28, 2016--Alliant Energy's Iowa-based subsidiary Interstate Power & Light (IPL) announced yesterday that it will proceed with the New Wind Project, which will add up to 500 MW of new wind generation in Iowa. Construction may commence as early as next year. Alliant Energy expects that 250 MW of wind farm electric generating capacity will commence operations in 2019, with the remainder delivering power to the grid in 2020.

The Iowa Utilities Board (IUB) issued a final order regarding the New Wind Project on October 25 that approves, with limited modifications, the settlement between Alliant Energy and customer groups that was filed on October 12, 2016.

"The New Wind Project will benefit our customers, our communities and the state," said the president of IPL. "The wind turbines will generate clean, cost-effective energy for customers. They also create tax revenue for communities, and bring construction jobs and economic growth to the state, making this a win-win project."

Alliant Energy is currently evaluating sites near its existing Whispering Willow Wind Farm and other areas of the state.

In announcements last August, Alliant's CEO stated that the timing of the project is designed to take advantage of the federal wind energy production tax credit (PTC). Similarly, MidAmerican Energy set forth and received approval from the IUB last summer for its plans to construct in Iowa the Wind XI project, with a design capacity of 2,000 MW and an estimated cost of $3.6 billion. Like Alliant's project, the MidAmerican Energy project schedule is driven to maximize the federal PTC, which is set to decline in value by 20 percent by year, beginning in 2017.
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