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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

Dutch Fund Philippines Solar Project

LCG, April 18, 2002-The Netherland's government will provide Philippine National Oil with a 250 million peso ($4.9 million) grant to set up 15,100 solar systems in Philippine homes.

According to Philippine National Oil president Thelmo Cunanan, solar systems will be located in 300 barangays, or rural areas, in an attempt to increase energy supply and provide greater reliability.

The Philippine Department of Energy, the National Electrification Administration, and Shell Renewables Philippines Corp. will also be involved with the project. Philippine National Oil (PNOC), Philippine Recycler's Inc., and Shell Renewables have also signed an agreement to collect and recycle batteries as part of the solar energy program. A new subsidiary of PNOC, New and Renewable Energy Sources, will supervise the implementation of the grant.

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