EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

New York Demand Surges in Heat Wave

LCG, Apr. 19, 2002--Record-breaking temperatures in the New York City area caught utilities and the grid manager New York Independent System Operator off-guard yesterday as large commercial customers were asked to cut their power consumption in order to prevent blackouts.

On Thursday, Ken Kapp, spokesman at the NYISO, said, "we really weren't anticipating the load being this high because the temperatures were supposed to drop." New York City experienced highs of nearly 90 degrees Fahrenheit on Tuesday and 95 degrees Wednesday. The reserve margin of power generation was low, due to plants being taken off-line for maintenance, typically scheduled in anticipation of heavy summer demand. Consolidated Edison Co. of New York, Inc. said its plants were experiencing no unforeseen problems.

The ISO's requests on both Wednesday and Thursday for voluntary demand reductions may be a prelude to a summer of strained supplies. The grid operator issued a report last month that said new generators were critical "to avoid serious electricity shortages, improve air quality, facilitate economic growth and avert strong upward pressure on prices."

On Wednesday, the Long Island Power Authority experienced a reserve during peak usage of 300 megawatts.
Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service