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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

Russia will Finish Iranian Reactor

LCG, March 27, 2002-Russian Nuclear officals announce that Russia will complete an Iranian nuclear plant.

The U.S. government has repeatedly advised Russia to discontinue the project because it fears that nuclear power will give the Iranians an opportunity to develop nuclear weapons. However, the Russians have decided to go through with their 1995 contract and plan to complete the plant by 2005.

Russian Nuclear Energy Minister Alexander Rumyantsev insists there is no danger of nuclear weapons development because the plant will be inspected by the International Atomic Energy Agency and the technology involved could only be used in energy production.

He added that new laws passed last year permitted spent fuel to return to Russia. Nuclear fuel would also be provided to the Bushehr plant by Russia.

Russia recently reestablished nuclear fuel sales to the U.S. and has talked with North Korea regarding nuclear plant development.

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