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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

PSEG Takes Controlling Interest in Tunisia Power Plant

LCG, Dec. 27, 2000Newark, N.J.-based PSEG Global Inc. and Marubeni Corp. of Japan announced jointly yesterday that they had acquired from Sithe Energies Inc. the interest they didn't already own in Carthage Power Co., an ad hoc Sithe unit set up to own and operate a 471 megawatt power plant in Tunisia.

PSEG Global increased its ownership in Carthage Power from 35 percent to 60 percent and Marubeni increased its shareholding from 32.5 percent. PSEG will assume Sithe's contract rights and obligations for management of construction and ongoing operation and maintenance of the plant.

Michael Thomson, president of PSEG Global, said "We have seen greater return and more efficientoperations in assets we control than in ones where we simply are a minority partner. This is part of alarger strategy to increase our ownership in select projects around the world."

The plant is scheduled to begin commercial operation next summer. Natural gas fuel for the combined-cycle facility will be furnished by Socit Tunisienne d'Electricit et du Gaz, the Tunisian energy utility, which will also contract for the plant's electric output.

Financial terms of the sale were not disclosed.

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