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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

LA Utility Faces Another Lawsuit for Alleged Overcharging

LCG, April 2, 2002-Following Attorney General Lockyer's lead, five government agencies filed suit against the Los Angeles Department of Water and Power for allegedly overcharging by $200 million over 10 years.

Los Angeles County Unified School District, Los Angeles County Metropolitan Transportation Authority, Los Angeles County Community College District, and Los Angeles County have been joined by California Attorney General Bill Lockyer in the lawsuit and are seeking triple damages.

Lockyer had filed a similar suit in March and claims that the municipal utility consciously charged customers too much in order to dissipate costs of building new plants.

The plaintiffs have filed the suit in the San Francisco Superior Court.

Los Angeles Department of Water and Power denies the charges, and its legal representation says that there are problems with the suit regarding the statute of limitations.

The suit relies on studies conducted in 1991 and 1992 that show electricity rates higher than allowed as a percent of the cost of generation.

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