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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

France To Reform Renewable Permitting Process

LCG, Apr. 4, 2002--The French Industry Minister Christian told an annual conference devoted to the development of wind power today that the government will release streamlined permitting rules for wind and hydro facilities this year.

Pierret said that this was necessitated by the national goal of obtaining 21% of overall energy production from renewable sources by 2010. Currently, renewables, chiefly hydropower, account for 15% of output.

The rules being developed are likely to include guidance on wind power development in urban areas, and requirements for environmental impact studies and gauging of public sentiment for wind installations of 2.5 megawatts and above.

Pierret also commented that smaller-scale hydropower development has been unnecessarily stifled, and that environmental impact studies would be required of facilities producing 500 kilowatts or more. Grid access applications would be made uniform for all renewables.
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