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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

PPL Breaks Ground for Connecticut Peaker

LCG, Aug. 18, 2000--PPL Wallingford Energy yesterday said its contractors have begun building the companys 250 megawatt, natural gas-fired turbine peaking power plant in Wallingford, Conn. Project managers expect to facility to begin producing power next summer.

PPL Wallingford is an ad hoc subsidiary of PPL Global, which is a subsidiary of PPL Corp. The "PPL" in all these names stems from "Pennsylvania Power & Light."

PPL said the plant will supply power to the New England grid during periods of highest demand, as on the afternoon of a hot, humid day when everyones air-conditioner is running and whole power prices are at their highest.

The quick-starting gas turbines, which are similar to the engines on a jet airplane, can be fired up at a moments notice to take advantage of market conditions, and shut down when power prices begin to drop.

The new plant will be built at the site of an idle conventional power plant owned by the Town of Wallingford. The old powerhouse will be partially demolished to make room for PPLs peaker.

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