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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

Northwestern Reaches Agreement on Montana Air Quality

LCG, Oct. 10, 2001--Northwestern Corp. said yesterday it has reached an agreement with the Montana Environmental Information Center, Missouri River Citizens Inc. and individual petitioners to settle challenges to an air quality permit for a new power plant near Great Falls.

The settlement was coordinated by the Montana Department of Environmental Quality, which had earlier decided to issue the air quality permit.

Under the agreement, the company will speed up installation of emission controls on the 240 megawatt, natural gas-fueled project, and will fund and develop an energy conservation program for low-income families in Montana.

" We stated from the time we announced the project that Northwestern would work with all parties to assure that Montana First Megawatts would benefit all Montanans," said Mike Hanson, president and chief executive of Northwestern Services Group. "Under this agreement, Northwestern will accelerate the installation of certain emission-reduction technology that will make it one of the cleanest operating electricity generators in the state."

Hanson said the new facility could begin producing electricity by July 1 of next year.

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