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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

Newsmakers

David Helwig, most recently ComEd executive vice president of operations, was recently appointed president and chief operating officer for InfraSource, an Exelon subsidiary based in Morton, Pa. He has managed all areas of the ComEd transmission and distribution system, and has over two decades of experience in line, engineering and services areas for PECO Energy, as well as General Electric Nuclear Energy's global services.

Robert Fishman, senior vice president at Calpine Corp. has been selected to lead Calpine's GE LM6000 combustion gas turbine peaker program. He will oversee development, engineering and construction of 15 peaking turbines located at sites throughout Northern California. Fishman has also been president of PB Power, part of the Parsons Brinckerhoff group of companies. He has nearly three deacdes of experience in project development, management and facilities engineering.

Secretary of Energy Spencer Abraham has reappointedRufus D. Gladney to the National PetroleumCouncil. Gladney serves as ConsumerEnergy's executive manager of business servicesand was appointed to the council last year.

Michael W. Rencheck will become senior vicepresident of engineering and region operations forAEP Pro Serv, Inc., a subsidiary of AmericanElectric Power. Rencheck entered AEP as vicepresident-nuclear engineering of the Cook NuclearPlant in Bridgman, Michigan.

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