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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

Enron to Build 215 Megawatt Colorado Plant

LCG, Sept. 21, 2000A subsidiary of Enron Corp. will build a $100 million, 215 megawatt power plant south of Colorado Springs, Colo. to sell electricity to the former Public Service Co. of Colorado, which wants to add generating capacity around the state, the Colorado Springs Gazette reported this morning.

Public Service Co. of Colorado is now Xcel Energy Inc., or a part thereof. It had become New Century Energies Inc. when it merged with Southwestern Public Service Co. Now that New Centuries has been folded into Northern States Power Co., it's Xcel. People in Colorado still think of it as Public Service Co.

Earlier this year, the Denver office of Xcel estimated that Colorado would need enough power for another 1.6 million households, on top of the 2.5 million already served by Public Service Co. The company put out a request for proposals asking for bids on 1,500 megawatts of new generation.

Enron North America Corp. successfully offered to build the four-turbine, 215 megawatt natural gas-fired plant near an existing substation six miles from Colorado Springs' municipal power plant, which is fueled by coal.

Wilexco Inc., an Englewood, Colo. company, was another successful bidder, and plans to build an 83 megawatt power plant not far from the Enron facility, if it can get the necessary permits. Getting permits for the Wilexco plant may not be easy because the fuel will be tires, like those Firestones that Ford dealers are throwing away.

Enron expects its plant to be operation by next June, according to Eric Thode, director of public relations for Enron North America. Output from the plant will be sold to Xcel on a 10-year contract, after which the facility could be run as a merchant plant if Colorado deregulates its electric industry and allows competition.

The plant is not being built with that in mind, according to Thode. "This plant is being built for the deal as it currently exists. This deal makes sense because this deal makes sense, period."

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