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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

Southern Gets SEC Okay to Form New Unit

LCG, Jan. 10, 2001The Southern Co. said yesterday that it has received final approval from the Securities and Exchange Commission to form a new subsidiary that will own, manage and finance wholesale generating assets in the Southeast U.S.

Southern Co. said the new subsidiary, which will carry the legal name of Southern Power Co., will be the primary growth engine for its market-based energy business. The company said its goal is to increase income from the new subsidiary by 15 percent annually so that in five years Southern Co. earnings from wholesale market sales will more than double.

"We expect that this will allow us to move faster and more aggressively in seizing wholesaleopportunities throughout the South," said Charles McCrary, Southern Company chief productionofficer and president of Southern Company Generation.

By 2005, plans call for the new subsidiary to have developed or acquired more than 7,500megawatts of generation dedicated to the competitive wholesale business. Within 10 years, the new wholesale generating company is expected to own more than 15,000 megawatts of capacity, the company said.

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