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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

Reliant Plans 520 Megawatt Pennsylvania Coal-burner

LCG, March 20, 2001Reliant Energy Inc.'s Wholesale Group said yesterday it plans to build a 520 megawatt "clean coal" power plant in Seward County, Pennsylvania. The facility would be built adjacent to the company's existing 120 megawatt Seward coal-burner, which will be retired when the new facility begins commercial operation.

A spokesman for Reliant said the new plant could begin operations as early as 2004 if state and federal permitting processes go smoothly.

The plant will be financed be sale of some $400 million in tax-exempt bonds issued by the Pennsylvania Economic Development Financing Authority, a company statement said. The debt will be serviced from project revenues.

Using clean coal technology, the new plant will burn waste coal as its primary fuel. The announcement of the coal-fired plant comes at a time when soaring prices for natural gas are tarnishing that fuel's image as the fuel of choice for new power plants.

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