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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

Striking South Korean Power Workers Face Dismissal Deadline

LCG, Mar. 22, 2002--A protracted strike by South Korea's unionized power industry workers will result in their dismissal Monday morning if they do not return to work, the country's energy minister announced yesterday.

The workers have expressed resistance to privatization, which they believe will result in job losses and increased power prices. South Korea, which intends to finalize the sale of all but its hydro and nuclear power divisions, hopes the country can increase power output 100 per cent by 2015.

The striking workers make up two-thirds of the 8,400 employed in the power industry. The 3,489 workers who would be fired Monday would follow 197 who have so far been fired.

Shin Kook-hwan, the energy minister, said, "We will review how former British prime minister Margaret Thatcher handled a strike by unionized coal miners and how former U.S. president Ronald Reagan treated a strike by air traffic controllers." He also indicated that although the workers thought that firing them would be a reckless move, "this is a country upholding democracy, freedom and market principle. They are engaged in illegal activities. We should abide by laws."

Union spokesman Lee Byung-chul told Reuters that despite the possibility of 500 new workers being hired to replace fired unionists, "it is pretty doubtful how long the power plants can be kept in operation without the workers." Soldiers have been trained to take over some posts.
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