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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Constellation Moves on 680 Megawatt Florida Plant

LCG, April 2, 2001A subsidiary of Constellation Energy Group Inc. said Friday it has begun site clearing for a 680 megawatt merchant power plant to be built in an industrial area close to the city of Cocoa, Fla.

The facility, called the Oleander Power Plant, will sell 80 percent of its output to the Seminole Electric Cooperative of Tampa under a seven-year arrangement which will begin late next year. The remainder of the plant's power will be sold into the Florida wholesale market.

"Building a peaking power plant to serve the Sunshine State is important because electric generation reserves in the state have declined in recent years," said Oleander project manager Richard L. Wolfinger. "The Oleander Plant will provide additional capacity to Seminole Electric Cooperative and, because it will increase electric generation reserves, it will also offer added electric reliability for Florida."

The city of Cocoa has agreed to supply enough reclaimed water to the Oleander Power Plant to meet at least 65 percent of the facility's water requirements.

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