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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

Midwest Gen, Union Meet in Strike Talks

LCG, July 17, 2001Official of the International Brotherhood of Electrical Workers and negotiators from Midwest Generation LLC, operator of 12 coal-fired power plants in Illinois, will meet with a federal mediator Thursday, the first indication of a thawing in the three-week old standoff.

IBEW workers walked out at the 12 plants, which account for a quarter of all the electricity generated in Illinois, on June 28 after rejecting a pay raise offered by Midwest Gen. The company countered that the union had demanded work rules changes that would have usurped its ability to effectively manage the plants.

A Midwest Gen spokesman confirmed the talks with the mediator, adding that the company welcomed the opportunity to sit down with the union to resolve their differences. The IBEW has said the company has refused to bargain in good faith. Its members have worked without a contract since April 1.

The 12 plants, seven baseload stations and five peaking plants, were purchased from Commonwealth Edison Co., and ComEd buys their output. Together, they have a capacity of about 9,300 megawatts.

Midwest Generation is owned by Edison Mission Energy, a subsidiary of Los Angeles-based Edison International Inc.

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