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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

Columbian Unrest Forces AES to Close Power Plant

LCG, Oct. 9, 2001--AES Corp. of the U.S. said yesterday it would shut down its 300 megawatt Termocandelaria power plant in the port city of Cartagena, Columbia, on December 3 because of regulatory uncertainty and the inability of the government to control rebellious elements of its populace.

AES, which also operates a 1,000 hydroelectric plant in Columbia, said it would probably dismantle the plant and move it to a country with more stable regulation and less internal conflict.

"Short- and medium-term perspectives, given current regulation and market conditions, leave us no other option," said AES of the proposed closure of the $150 million Termocandelaria plant, which it acquired from KMR Power Corp. last November.

The regulatory uncertainty that has hit AES and other foreign investors in Columbia's energy sector stems from a government decision in March to no longer compensate companies for losses incurred when Marxist guerillas blow up power plants and transmission lines.

If other power producers follow AES' lead, it could cause power shortages in Columbia, where the total generating capacity is 12,500 megawatts, more than half from plants owned by foreign companies such as AES, Union Fenosa and Endesa of Spain.

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