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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

Germans Agree on Plan to Shut Nuclear Plants

LCG, May 14, 2001German government and electric industry leaders have worked out compromises to disagreements over plans to shut down the country's 19 nuclear power plants, the Frankfurter Allgemeine Zeitung reported this morning.

Chancellor Gerhard Schrder and leaders of the country's electricity producers had worked out a broad outline of the plan last June, but the energy producers later called for changes in the draft legislation because they feared the text could be rewritten to their disadvantage, the paper said.

Environment Minister Jrgen Trittin said over the weekend that the parties could sign the agreement later this month or early in June. The agreement would then be considered by the German cabinet and then by the Bundestag, Germany's parliament. The deal would not be subject to approval by the Bundesrat, an assembly of German states.

Tritten, a leader of the anti-nuke Green Party, told the Berlin newspaper Tagesspiegel, "The result of the agreement is that around 2018 Germany will no longer have any nuclear power plants on-line." Tritten has been guilty of wishful thinking in the past, however.

According to the Frankfurt paper, the plan would allow each plant to operate for 32 years and produce a fixed amount of energy. But producers could trade these quotas among plants, allowing older facilities to be closed in order to extend the life of other sites.

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