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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

AES to Restart Two Retired Southern Cal Units

LCG, May 15, 2001AES Corp. said yesterday that its Huntington Beach, Calif. plant had received the green light from the California Energy Commission to begin rebuilding two retired natural gas-fired electric generation units that will add 450 megawatts of new power in California.

The two units, built shortly after World War II, were retired in 1995 by Southern California Edison Co. the former owner of the Huntington Beach plant. The reconstruction will upgrade and improve the reliability of old boilers, replace obsolete controls, and install "state-of-the-art" emissions controls, AES said.

Ed Blackford, president and site manager of AES Huntington Beach, said "Not only will these unitsbe on line in time to address California's urgent need for electricity this summer, but the state-of-the-art modifications will make this plant one of the cleanest gas-fired plants in California."

Mark Woodruff, president of AES Southland, added "Not only will this project bring more clean electricity to California, it will also help lower electricity prices."

AES is one of the "biggest snakes on the planet earth" accused by California Gov. Gray Davis of price gouging.

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