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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

550 Megawatt Gregory, Texas, Plant On Line

LCG, July 27, 2000--Subsidiaries of Columbia Energy Group and LG&E Corp. yesterday announced the commercial operation of their jointly-owned 550 megawatt Gregory Power Plant, a natural gas-fired, combined-cycle cogeneration facility located at the Reynolds Metals Co. Sherwin Alumina plant in Gregory, Texas.

Columbia Electric Corp. and LG&E Power Inc. are equal partners in the facility which will provide process steam and electricity to the Reynolds plant and sell surplus power in the Electric Reliability Council of Texas wholesale market. The companies said Dynegy Power Marketing Inc. will market the extra power.

" The commencement of commercial operations represents the culmination of many months ofplanning and hard work," said George Basinger, LG&E Energy senior vice president for power operations. "This facility will supply approximately 1.2 million pounds of steam per hour to theReynolds alumina plant in addition to being one of the lowest-cost electric generating facilities inTexas."

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