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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

El Paso Energy Completes Merger With Coastal

LCG, Jan. 30, 2001--El Paso Energy Corp. said yesterday that it completed its $24 billion merger with The Coastal Corp. following Federal Trade Commission clearance for yesterday's announcement. The company says it is now the fourth-largest U.S. energy company.

"This merger is a transforming event for both El Paso Energy and Coastal," said William A. Wise,chairman, president, and chief executive.

As part of the Federal Trade Commission approval of the merger, the company has agreed to divest its ownership in five pipeline systems as well as Coastal's ownership of the Gulfstream natural gaspipeline project.

In addition, subsidiary El Paso Energy Partners will divest certain offshore assets and its 33.92-percent interest in the Nemo gathering project, which is currently under construction.

Coastal shareholders will receive 1.23 shares of El Paso Energy common stock for each share ofCoastal common stock and Class A common stock on a tax-free basis. Coastal's outstandingconvertible preferred stock will be exchanged for El Paso Energy common stock on the same basisas if the preferred stock had been converted into Coastal common stock immediately prior to themerger.

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