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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

Newsmakers

Calpine Corp. has promoted E. James Macias to executive vice president and chief operating officer. Macias will be in charge of the company's power generation, Calpine Energy Services, and Gas Resources, among other ventures. Macias has served as senior vice president -- power and industrial marketing, and led negotiations with California for long-term power contracts. Prior to joining Calpine, Macias worked for 22 years within the gas supply and power generation businesses at Pacific Gas & Electric Co.

Daniel R. Allard has been promoted to senior vice president of Calpine Canada. Allard, who joined Calpine in 1997, was most recently vice president of business development - Calpine Canada. He will manage power generation, oil and gas operations, and energy trading and marketing.

Michael P. Thomas has been promoted to senior vice president at Calpine Corp. In his new role, Thomas will be responsible for cash management. He will continue as corporate treasurer, overseeing Calpine's corporate credit function. Before joining Calpine in 1994, Thomas worked for nearly a decade in the banking industry.

Joseph E. Ronan, Jr. has been promoted to senior vice president of Government and Regulatory Affairs at Calpine Corp. Ronan, who served Calpine as general counsel from 1992 through 1998 before becoming vice president of government and regulatory affairs in 1999, has also worked as an attorney with the federal government, the state of Wyoming and in the oil and renewable energy industries.

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