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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

Southern in Deal to Bid on Enel Generation Unit

LCG, July 28, 2000--The Southern Co. of the U.S. and Italian conglomerate CIR said in a joint statement this morning that they "will create a consortium with the aim of buying one of the generatingcompanies that (Italys state-owned electric company) Enel must sell in the upcoming months."

Under rules adopted by the European Commission, Enel will have to divest itself of some 15,000 megawatts of generation by 2003. On order to do so, the company is forming separate generation companies grouping its power plants.

In their statement, Southern and CIR said "The two largest companies, Eurogen of 7,000 megawatts and Electrogen of 5,400 megawatts, are particularly interesting."

Southerns investment would be made through its Southern Energy subsidiary, which already has a European presence with its majority interest in Germanys Bewag and a power trading company in The Netherlands.

"CIR and Southern Energy intend to develop their generating activity and commercialization of energy to create one of the leading Italian groups and an important operator at a European level," the statement said.

Southern Energy may also build new natural gas-fired power plants in Italy, the statement added.

CIR would make its investment through a subsidiary, Energia Italiana.

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