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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

PPL Pitches in to Alleviate El Salvador Suffering

LCG, Jan 15, 2001--Saturday's 7.6-magnitude earthquake in El Salvador heavily impacted the electric distribution company Del Sur, owned by PPL Corp. of the U.S. The company said yesterday that its workers had restored power to much of its stricken service territory.

Del Sur workers worked throughout the weekend and into yesterday not only repairing broken lines by digging families out of the rubble of their homes.

The death toll from the quake had reached 600 this morning, but Del Sur said none of its 285 employees had been injured.

"The Del Sur network is in good shape," said Ivan Diaz-Molina, chairman of Del Sur. "Energysupply had been restored to 90 percent of the rural areas affected by the earthquake and 100percent of the urban areas as of last night. Power to our commercial and industrial customers hasbeen restored, and isolated residential areas still without power are expected to be back in servicelater today."

As to rescue operations, Diaz-Molina said "We are coordinating with the [El Salvadoran] Army in rescue operations and evacuation efforts." PPL said it is sending a team of employees from its Santiago, Chile operations to assist Del Sur employees in rescue efforts. The company is also providing emergency lighting equipment so the rescue activities can continue 24 hours a day.

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