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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

Enron Hopes to Build Memphis Plant

LCG, Apr. 9, 2002--A spokesman for Enron said that the company is "early in the development process" for a 500-megawatt, gas-fired peaking plant that would be built near Memphis, Tenn. following the expected completion of a bankruptcy reorganization within a year.

The plant, which would be built in Tennessee Valley Authority's service territory, could require expansion of the transmission system. John Moulton, a spokesman at the TVA, said that it is too early to know whether such investment is necessary. The output of the plant would be sold into the wholesale market.

The plant would be sited in Arlington. Two plants have already been built by Enron in Tennessee prior to its filing for Chapter 11 bankruptcy protection. The plants, which were subsequently sold, started operations in 1999 and 2000.
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