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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

New York State Okays 800 Megawatt Sithe Plant

LCG, Jan. 24, 2001Sithe Energies Inc. said this morning that the New York State Board on Electric Generation Siting and the Environment had granted in a certificate of environmental compatibility and public need for an 800 megawatt power plant proposed for the Town of Scriba near Oswego, N.Y.

The new facility, called Heritage Station, is a joint venture between Sithe and General Electric Co. and will use GE's latest gas turbine equipment. Construction is expected to begin this spring with commercial operation penciled in for 2004.

"This approval demonstrates that a collective effort among the electric generation industry, localresidents and public officials can contribute real solutions to New York's present and future electricityneeds," said Barry Sullivan, Sithe's vice chairman.

The new power plant will be built adjacent to Sithe's existing Independence Station in Scriba.

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