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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

Bulgaria to Sign $1.4 Billion Deals with AES, Entergy

LCG, June 1, 2001The Bulgarian cabinet has approved signing two power contracts with U.S. energy firms Entergy Corp. and AES Corp., Prime Minister Ivan Kostov told a news conference yesterday. The combined value of the deals is more than $1.4 billion.

"With today's decision of the cabinet the procedure for signing the two deals has been opened," Kostov told reporters.

One of the projects will be an upgrade of an 840 megawatt coal-fired power plant near Maritsa in southeast Bulgaria, to be undertaken by Entergy as a joint venture with Bulgaria's National Electricity Co. In the other project, a joint venture between the national Electricity Co. and AES will build a new 670 megawatt coal-fired power plant, also near Maritsa.

The Maritsa sites are located in the richest lignite-producing region of the Balkans. Thirty percent of Bulgaria's electricity is generated in the area.

Kostov said the two projects will bolster Bulgaria's position as the main producer and exporter of electric power in the Balkans.

The contracts are expected to be signed within the next two weeks and construction should begin in September or October, according to Ivan Shilyashki, head of Bulgaria's state energy agency.

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