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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

Newsmakers

EnergyOnlines weekly wrapup of the goings and comings of key people in the energy industries.

Debra L. Lee, president and chief operating officer of BET Holdings II Inc., has been elected a director of Washington Gas Light Co. BET is a multi-media firm that owns and operates Black Entertainment Television, and other assets.

Nancy Morovich has been named vice president for investor relations by Entergy Corp., replacing E. Renae Conley, who was recently named president and chief executive of Entergy Louisiana. Morovich most recently was chief financial officer for utility operations.

Joseph M. Russo has joined Niagara Mohawk Power Corp. as vice president for public affairs and corporate communications. He was most recently vice president for corporate affairs with The Hertz Corp., a subsidiary of Ford Motor Co.

Clark C. Smith has been named president of El Paso Merchant Energy Co., the energy sales, trading, and risk management unit of El Paso Energy Corp. He replaces Greg G. Jenkins, who has become president and chief executive of El Pasos telephone business.

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