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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

Israeli Pipeline in Question if Belgian Company Pulls Out

LCG, April 23, 2002-Belgium's Tractabel SA, skittish over the escalated Israeli-Palestinian conflict, plans to leave an Israeli natural gas pipeline project.

Tractabel, critical because of its technical abilities, intends to abandon Israel's half-billion dollar project. The company has a 60 percent stake and would build the pipeline and operate it for thirty years before yielding it over to the Israeli government. Although it has not officially bowed out, notice is expected within the next few days.

The proposed pipeline would connect the Mediterranean Sea to various inland locations.

The other shareholders, Paz Oil Ltd. and Africa Israel Investments Ltd. are seeking foreign investors and advisors to replace Tractabel.

Political conflict has always plagued Israel's attempts at creating a natural gas market. While Egypt is a logical supplier geographically speaking, the Egyptian government is loathe to strike deals because of its Palestinian ties. State-owned monopoly Israel Electric Corp. has been waiting over a year to sign a $3 billion, 10-year natural gas contract with Egypt.

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