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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

Long Lag Time in Detection of Reactor Vessel's Corrosion

LCG, Apr. 5, 2002--A report released by the Nuclear Regulatory Commission has concluded that corrosion at the Davis-Besse nuclear plant owned by FirstEnergy, and located east of Toldeo, Ohio, should have been found four years ago.

Damage to a steel cap covering the reactor vessel was caused by the release of boric acid, resulting in a 6-inch hole. A layer of steel three-eights of an inch thick that was not affected by the acid prevented the hole from reaching the whole way through. A FirstEnergy vice president, Howard Bergendahl, said "we could have and should have found it in earlier inspections." The corrosion was discovered in February during refueling of the plant.

The report by the NRC was made public at a local meeting at Oak Harbor, on Lake Erie, at which some within hundreds of residents in attendance expressed vocal opposition to the plant.

Boric acid is created during nuclear fission. At Davis- Besse, 69 control rods absorb excess neutrons from the reactor core and are themselves contained in tubes, within which cracks had occurred. All operators of pressured water reactors in the United States will need to report to the NRC on the structural soundness of reactor heads at their facilities.

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