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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

Federal Court Orders California Power Sales Continue

LCG, Feb. 7, 2000A federal court judge late yesterday ordered Reliant Energy Services to keep selling electric power to California utilities despite the expiration of an order requiring it to do so.

The Bush administration allowed to expire at midnight yesterday an emergency order placed by the Clinton administration's Energy Secretary Bill Richardson and extended by current Energy Secretary Spencer Abraham.

Shortly before the deadline, Judge Frank Damrell in the U.S. District Court in Sacramento issued a temporary restraining order requiring Reliant to continue selling juice to Pacific Gas & Electric Co. and Southern California Edison Co., pending a hearing this afternoon.

Halting the sales, the judge said, would cause "obvious, irreparable harm to the public."

Two other major power suppliers were not included in the order. AES Pacific Inc. and Dynegy Power Corp. had agreed earlier to continue supplying power at least until this afternoon's hearing.

The restraining order had been sought by the California Independent System Operator. The ISO says the power producers signed agreements promising to provide power in an emergency. Yesterday, Cal-ISO declared its 22nd straight Stage 3 power emergency.

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