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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

SDG&E parent Expects 37 Percent Profit Jump

LCG, July 18, 2000--Sempra Energy, the parent company of San Diego Gas & Electric, has forecast that it will report substantially higher earnings for the quarter ended June 30, beating last years figures by as much as 37 percent.

At the same time, SDG&E electricity customers in Southern California have seen their electric bills double since May.

The utility says it is not responsible for the price spikes that have driven the average householders bill from around $50 to more than $100 per month. The company no longer generates power, having sold its power plants as part of the restructuring of Californias electric industry, and now must purchase power in the open market.

While SDG&E was explaining about the wholesale power market, its parent Sempra was explaining about its big increase in profits. It seems a Stamford, Conn.-based subsidiary, Sempra Energy Trading, cut a fat hog buying electricity and other energy commodities cheap and selling them dear.

SDG&E customers might be excused if they ask why Sempra Energy Trading didnt show a little favoritism to a sister company. Justin McCann, an analyst with Standard & Poors Equity Group agreed that that sort of question could trouble the company. "The utilities are very careful about a kind of backlash from consumers," he said.

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