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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

Cut in South Carolina Gas Rates Approved

LCG, Oct. 24, 2001--Scana Corp. said yesterday that a request by its South Carolina Electric & Gas Co. subsidiary for a 16 percent decrease in the purchased gas component of the utility's natural gas rates has been approved by the South Carolina Public Service Commission.

The decrease comes on top of a 15 percent reduction in rates that went into effect last March.

SCE&G customers will see gas prices drop from 79 cents per therm to 59 cents per therm on their November bills. The average householder will save about $17.88 a month or some $107 a year, Scana said.

"Wholesale prices for natural gas have returned to more normal levels and that's good news for our customers," SCE&G President Neville Lorick said. "Last year, gas prices jumped to unprecedented levels and customers were hit right in the pocketbook."

SCE&G recovers the cost of the natural gas it buys through the purchased gas adjustment which regulators set to reflect the company's actual gas costs, which are passed directly to SCE&G customers, Scana explained.

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