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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

Calpine Sells Output of Proposed Florida Plant

LCG, Oct. 18, 2000Calpine Corp. and Tampa, Fla.-based Seminole Electric Cooperative Inc. jointly announced yesterday that they had asked Florida regulators to approve a deal under which Seminole would buy power from a 540 megawatt Calpine merchant power plant proposed for Auburndale, Fla., about 35 miles east of Tampa.

Under of the terms of the planned agreement, Seminole will have access to all of the output from the Osprey Energy Center for a period of 17 years, beginning with the plant's projected commercial operation date of June 2003, with an option to renew every 5 years. Terms of the deal were not disclosed.

Calpine said the contract would support its Petition for Determination of Need, which is currently pending before the Florida Public Service Commission. Hearings on the petition are scheduled tobegin November 29.

Tim Woodbury, Seminole's vice president for strategic services, said "The agreement provides us with the pricing, the reliability of supply and the flexibility that our member systems need in Florida's dynamic and evolving electric power market."

Calpine said the Osprey plant would be built adjacent to an existing 150 megawatt Calpine plant in Auburndale. The company plans to add another 100 megawatts to that facility and also has in the works a 1,080 megawatt energy center planned for Vero Beach, Fla.

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