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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

Poland Gives PSEG Right to Buy Power Plant

LCG, July 2, 2001The Polish government on Friday said it had granted Public Service Enterprise Group of New Jersey exclusive negotiating rights to purchase a controlling interest in a power plant in the town of Skawina.

The coal-fired, 590 megawatt Skawina plant produces about 20 percent of the power consumed in the Polish province of Krakow. It is the final power plant expected to be sold by the Polish government this year, though two cogeneration plants and an electric distribution company are to be privatized.

PSEG beat out competing bids by an Electricit de France-controlled local generator, another French company Snet, and two privately-held firms.

PSEG, already active in Poland, is in the process a $335 million, 200 megawatt cogeneration facility in the industrial southwest of the country.

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