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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

Britain Makes a Move to Standardize Market

LCG, April 15, 2002The British government will move on enacting the British Electricity Trading and Transmission Arrangements (BETTA), an attempt to open the whole British market so that conditions are equalized between England, Scotland, and Wales.

British Energy Brian Wilson is anticipated to propose energy market legislation which will give rise to a unified energy trading system.

When British energy was privatized eleven years ago, Scottish consumers paid about 7 percent less than their English counterparts because of their hydroelectric generators, but now Scottish prices are 9 percent higher than English prices.

BETTA is hoped to bring about 16 million worth of cuts to Scotland, as well as 35 million to the system as a whole. The plan will give Scottish generators better access to the British energy market.

Energywatch, a consumer watchdog group recently accused the industry of denying British consumers $575 million (400 million pounds) in possible rate cuts.

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