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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

Calpine Prepares Oklahoma Plant for July

LCG, Apr 26, 2002--A gas-fired power plant in northeastern Oklahoma is nearing the completion of its first stage of construction, and according to merchant developer Calpine Corp., should start producing power in July.

The Oneta Energy Center in Wagoner County, near Coweta, will produce 570 megawatts this year, and by February of 2003, is expected to have another 570 megawatts online. Calpine will own and operate the plant, and output will be sold to the wholesale market.

Currently, there are approximately 20 gas-fired independent power plants on the ground or in development in Oklahoma.
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