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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

Calpine in New Mexico-California Gas Pipeline Project

LCG, May 3, 2001Fast-growing power producer Calpine Corp. and natural gas firm Kinder Morgan Energy Partners said yesterday they plan to build a new pipeline from New Mexico to California to feed power plants under development by Calpine and others.

The Sonoran Line would be developed in two phases, with the first phase extending from the San Juan Basin in the northwest corner of new Mexico to Southern California. This phase, a 36-inch line with a transport capacity of between 750 and 1,000 million cubic feet per day, is schedule for completion in the summer of 2003.

A second phase would extend the line to Northern California and boost the carrying capacity to 1,500 million cubic feet per day. Calpine has contracted for 400 million cubic feet of natural gas per day on the first phase and 500 million cubic feet per day on the second phase.

Kinder Morgan will conduct separate open seasons for each phase, seeking 20-year minimum commitments from shippers. Dates and other details of the open seasons were not disclosed.

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