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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

AES Gets Go-ahead for White Nile Hydro Facility

LCG, Dec. 21, 2001--AES Corp. announced today that the Uganda government has granted its AES Nile Power subsidiary final approval to begin the construction of a $550 million, 200 megawatt hydroelectric facility on the Nile River at a site about 6 miles north of Lake Victoria.

The AES unit will own, operate and construct the hydroelectric facility and related transmission lines and two substations. A local partner, Madhvani International, will take a minority interest in the business. The facility will take about four years to complete.

Power will be sold under a 30-year power purchase agreement to the government-owned Uganda Electricity Board and its successor once the UEB is privatized. The government of Uganda has guaranteed payment under the agreement.

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