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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
California PUC Targets Doubling Renewable Energy by 2030
LCG, March 27, 2020--The California Public Utilities Commission (CPUC) yesterday unanimously approved a new emissions target for its electric sector that would double California's clean energy capacity through 2030 and effectively block new natural gas-fired electric generating facilities.
The CPUC set a target for the electric sector to reduce greenhouse gas (GHG) emissions to 46 million metric tons by 2030, or 56 percent less than 1990 emission levels. California's overall goal is to reduce GHG emissions to 40 percent below 1990 levels by 2030.
"The Decision adopted today provides guidance to load-serving entities to go out and procure approximately double the amount of renewable and storage capacity that is currently online in the electric system in California," said one of the CPUC Commissioners.
The CPUC reference portfolio identifies the need by 2030 for nearly 25 GW of additional renewable and storage resources, including 8,900 MW of new battery storage, which is roughly eight times the front-of-meter battery storage capacity installed in the U.S. today.
The challenge to the California electric sector will be even greater if electrification of (i) transportation, i.e., transitioning from gasoline vehicles to electric vehicles (EV), and (ii) space heating, i.e., moving from natural gas heating to electric heat pumps, increases the demand for electricity.
The CPUC also closed a loophole that would have allowed development of new (but not existing) natural gas plants if paired with energy storage.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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