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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

Now Fitchburg Gas Wants a 25 Percent Rate Hike

LCG, Sept. 28, 2000Fitchburg Gas & Electric Light Co., which less than two weeks ago asked Massachusetts regulators to approve a winter rate boost that would cost a typical residential natural gas customer $14.11 a month more than he is now paying, said yesterday that's not enough and asked for an increase the would add $30.07 to the householder's monthly bill.

Fitchburg said yesterday that it had "refiled" for a gas rate increase with the Massachusetts Department of Energy and Telecommunications and that the new filing replaces the more modest request of September 15.

Two weeks ago, the company said it needed an 11.5 percent increase, but news of rising wholesale prices for natural gas has prompted it to more than double the request to 24.5 percent. Even the company doesn't know where it will all end.

Mike Dalton, president of parent company Unitil Corp., said only "Natural gas supply pricing has escalated rapidly in a very short period of time."

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