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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

Premier Forging Ahead on Privatization of Ontario Power Grid

LCG, Apr 26, 2002--In the wake of a court ruling blocking the planned sale of Hydro One, Ontario's public utility, Premier Ernie Eves is both appealing the ruling and ready to rewrite the law to go through with the sale, which had been planned for the fall.

Eve said that he understood "there's a lot of concern" surrounding the offering of shares in the utility, formerly known as Ontario Hydro, and that public input would be pursued in developing the appropriate legal framework for privatization. He said, "it's important to the future of the province of Ontario that they have a supply of electricity in the future at reasonable cost." Currently, Hydro One is carrying $38 billion in debt. Energy Minister Chris Stockwell insisted that the sale would have the best outcome for taxpayers, bringing necessary private investment to the power sector.

A public relations battle appears to be taking shape between Eves and his political opposition, who think that selling the natural monopoly will not save customers money. The New Democratic Party Leader Howard Hampton contended, "seventy percent of the people in the province are opposed to this. This government isn't going to listen to them."

The court ruling that deemed the offering of shares in Hydro One illegal was handed down by Ontario Superior Court judge Arthur Gans. The lawsuit against the sale was brought by two unions, the Communications, Energy and Paperworkers Union of Canada and the Canadian Union of Public Employees. Sean Dewart, the lawyer who brought the suit, was surprised by the verdict. The attorneys for the government, however, called no witnessses and did not introduce any evidence during the proceeding.
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