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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

Surviving and ThrivingIn the RTO/ISO Environment

Dr. Rajat K. Deb, head of LCG Consulting and publisher of EnergyOnline Daily News, is author with some of his staff of an article, Surviving and Thriving in the RTO Revolution, appearing in the February 1 issue of Public Utilities Fortnightly. He was asked to share some of his thoughts with our readers.

By Rajat K. Deb

LCG, Feb. 9, 2001-In Order 2000, the Federal Energy Regulatory Commission (FERC) requires Regional Transmission Organizations (RTOs), including for-profit Transcos and non-profit Independent System Operators, to meet a number of criteria in their design, implementation, and management of the transmission grid. But to survive and thrive, RTO must learn to do much more and with better tools attuned to the task.

On the surface, RTOs perform a concise list of transmission-related functions, assigned to them by the FERC. First, RTOs must to design and collect transmission tariffs. Second, RTOs must manage various functions of grid operations in the short term, such as congestion, ancillary services, loop flows, and OASIS the interface with the grid customer. At the same time, RTOs will take the lead in long-term planning for future grid design and construction. And finally, the RTO acts as the official regional transmission "czar," coordinating grid operations with other regions and overseeing the efficiency and fairness of regional markets.

Yet the real job of running an RTO may prove more complex. Consider the events of last year in California and the West, and the difficulties experienced by the California Independent System Operator. This experience suggests that the job of the RTO goes far beyond the managing the nominal transmission sector.

Like it or not, RTOs inevitably must engage in integrated resource planning. Of course, it is true that under a market-driven restructuring, the choice and manner of deployment of generation and transmission capacity represent separate business decisions. Yet, these two segments remain interdependent.

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