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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

Cal ISO Warns of Possible Power Shortages

LCG, Oct. 3, 2001--The California Independent System Operator warned yesterday of possible electricity shortages as 9,300 megawatts of generation could be off-line toward the end of October due to plant maintenance, emission reduction projects, "forced" or unplanned outages, and low water conditions.

If the repair work were to coincide with a high-demand day, operating reserves could fall below critical levels, Cal ISO said. The state has not seen rolling blackouts since May 8 and the ISO doesn't want to declare a Stage 3 emergency which would bring them on.

Cal ISO said it expects to have enough power available today and through the month of October to meet the forecast demand, as long as conservation continues, but stresses the importance of conservation as an important tool to help the it balance the grid and lower consumers bills.

The agency is urging Californians to continue using less power, and specifically to use less power during the peak hours between 2:00 and 7:00 p.m.

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