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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

China and Pakistan Make Power Plant Deal

LCG, April 30, 2002--China has agreed to develop two thermal plants in Pakistan.

Signed yesterday, the bilateral memorandum provides for two 300-MW coal-fired power plants, amounting to $600 million. Coal for the plants will be derived from the Tharparkar Desert in the province of Sindh.

According to Sindh Minister Dewan Mohammed Yousuf Farooqi, the plants will be completed inside three years.

China's Shenhua Group Co. Ltd. has agreed to build and operate the plants, which will be located in Tharparkar (also known as Thar). Shenhua will assess Thar coal capability by conducting a geological survey, which will reportedly be completed within a year.

According to U.S. Department of Energy, Pakistan has 3 billion metric tons in recoverable coal reserves.

Shenhua is China's top coal producer and the country's third largest exporter.

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