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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

China's Hangzhou Moves to Natural Gas

LCG, April 1, 2002-Hangzhou, the capital of China's eastern province Zhejiang, announced it will switch from coal to natural gas in an attempt to clean up its air.

In 1999, according to the World Resources Institute, China had nine of the world's ten most air-polluted cities. Beijing alone burns millions of tons of coal annually. The Chinese government has recently been making attempts to clean up the air, adopting policies such as "Cleaner Production" in 2001 and reducing coal use.

The city of Hangzhou, with almost 9 million residents and a population density in some areas of over 18,000 people per square kilometer, has chosen to use natural gas and a "natural gas substitute" that will replace coal and liquid gas use and burn much more cleanly.

The substitute consists of a combination of liquid gas and air and is reportedly the same as natural gas, according to Party Secretary of Hangzhou Gas Company, Sun Qiqiang.

Like many Chinese cities, some eighty percent of the city's energy, and much of its air pollution, comes from coal.

Gas would come from a controversial pipeline connecting eastern and western China and planned to be in service by the end of 2003.

"It is part of the city's tremendous effort to clean the environment and to make this worldly famous tourism city more beautiful," said the basic industry office director Xia Xiaoling, as reported by China Daily.

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