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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

PG&E to Buy Mississippi Merchant Plant

LCG, Sept. 8, 2000--PG&E Corp. said yesterday its National Energy Group would acquire the 500 megawatt Attala merchant power plant project from Duke Energy North America for an undisclosed price.

Construction of the natural gas-fired, combined-cycle plant began in March and commercial operation is scheduled for next summer. Output will be sold into the Entergy wholesale market, according to PG&E.

Chris Iribe, chief operating officer of the National Energy Group's eastern region, said the purchase "strengthens our growing supply position in the Southern United States."

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