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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

South Korean Electricity Workers End Unsuccessful Strike

LCG, April 3, 2002-After an unsuccessful attempt to prevent South Korea from privatizing its electricity market, public workers ended their illegal five-week strike yesterday.

Korean energy ministers said that there would be "zero possibility" of anything other than privatization and plan to divide and sell the Korean Power Corporation (Kepco) .

In exchange for a government promise to "work together," union leaders ended the strike, but this agreement is vague and the strike may be resumed if nothing more concrete comes of the reconciliation.

South Korea intends to split Kepco into five parts, in addition to privatizing rail and gas.

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