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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

Pacific Northwest Faces 'Worst Ever' Water Year

LCG, March 6, 2001Washington Gov. Gary Locke is expected to hold a news conference today to stress the need to conserve energy in the face of a "worst ever" water year and, at the same time, give a pat on the back to four utilities that have added 1,500 megawatts of new electric generation.

There are lots of rivers in the Pacific Northwest, but when comparing one year with another people look at the big Columbia, which drains the entire region into the Pacific. In an ordinary bad year, about 60 million acre feet of water will flow past a dam near The Dalles, about 80 miles east of Portland, Ore., between January 1 and July 31. In the worst ever year, 1977, 53.8 million acre feet went by, and this year could be worse.

"It's the worst of the worst," Bonneville Power Administration spokesman Mike Hansen said yesterday.

And, according to the Northwest Power Planning Council, if the region continues to bask in unaccustomed sunshine, electric generation will be not much more than two thirds of normal.

Water levels in the impoundments behind Pacific Northwest dams which represent future electricity are at record lows partly as a result of federally mandated power sales to California.

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