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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

Canadian Merger Would Form Largest North American Independent Oil and Gas Producer

LCG, Apr. 4, 2002--The merger of Alberta Energy Co. and PanCanadian Energy Corp. appears likely as shareholders of both companies vote their interests today.

The deal, which would create EnCana Corp., has been under discussion since October, when oil and gas prices were sigificantly lower. The director of oil and gas research at Scotia Capital Inc., David Stenason, said, "I think the cash flow is going to be unbelievable for this company and it's [higher commodity prices] giving EnCana a great start."

The approval by a majority of shareholders is thought to be more than likely. According to the details of the proposal, PanCandian would offer 1.4772 shares per AEC share. Gwyn Morgan, who organized the deal and is CEO of AEC, said the new entity would not only be the largest independent natural gas producer in North American but would also have the highest "internal growth."
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