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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

Joint Venture to Build 45 Megawatt Pennsylvania Plant

LCG, July 27, 2000--Subsidiaries of Southern Union Co. and Energy East Corp. said yesterday that they had formed a joint venture to build and operate a 45 megawatt peaking power plant near Scranton, Pa.

PEI Power Corp. and Cayuga Energy Inc. will build the natural gas-fired merchant plant at the site of PEIs 25 megawatt Archbald plant, a cogeneration facility that burns natural and landfill gases. Archbald currently produces 21 megawatts of power for the PJM Interconnection, a power grid serving areas of Pennsylvania, New Jersey, Maryland, Delaware and the District of Columbia.

" With this project, we are pleased to announce that PEI Power II will triple the output capacitycurrently produced at the Archbald site," said Vincent A. Bonaddio, president of PEI Power Corp., the Southern Union subsidiary.

Cayuga Energy, the Energy East unit, will be general manager of the joint venture, operating as project manager for engineering and construction, and will also manage fuel procurement and electricity sales.

The new project has received the necessary permits and approvals, and is expected to be in service in May 2001.

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