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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

PG&E to Pay Franchise Fee to Local Governments on Time

LCG, April 3, 2002-PG&E said yesterday that it will pay $145 million in franchise fees to hundreds of counties and cities in its service area, as required by its contracts.

The 2001 franchise fee surcharge has increased by 44 percent over the 2000 charge.

While the utility is still working out its financial situation in bankruptcy court, PG&E chief executive Gordon Smith has proudly announced that the company will fulfill commitments in franchise fees which he says are necessary to support government programs and services.

Franchise fees, a percent of gross receipts, are charged by cities and counties for PG&E's use of public streets.

Cities and counties with March 31 deadlines have been paid, and those with April 15th deadlines will be paid on time, according to PG&E.

Creditors of PG&E will vote on plans regarding PG&E's $13.2 billion debt later this year.

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