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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

Brazil Car Makers Get Increases in Power Quotas

LCG, July 9, 2001Brazilian carmakers will get relief in the amount of power they are ordered to save under the nation's energy rationing, the government's power crisis task force said on Friday.

The automakers production dropped 16 percent last month as they struggled to get by on 20 percent less electricity than in May. Even so, Brazilian automobile production is on track for a bumper crop of 1.9 million new cars in 2001.

General Motors, which had reduced power consumption at its Brazilian plants by the required 20 percent, will get its restriction cut to 10 percent.

"August has more working days than other months and it is hard to save energy," said a GM spokesman. "We are importing generators that would produce more power to compensate for the reduction after August."

Also affected are the Brazilian operations of PSA Peugot-Citroen of France and Japan's Honda, but the amount of their reductions was not immediately available.

Brazil also eliminated power reduction requirements for companies that make equipment for generating electricity.

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