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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

Wisconsin Plant Planned at Lake Michigan Site

LCG, May 2, 2002--We Power LLC, a subsidiary of Wisconsin Energy Corp., has contracted with Washington Group International for the construction of a 500-megawatt, combined-cycle power plant at an existing site on Lake Michigan.

Engineering work will commence while applications are made with Public Service Commission of Wisconsin. The configuration of the plant, at Port Washington, will include two combustion turbines, two heat recovery steam generators, and a steam turbine. There is an existing Port Washington power plant at the site, and We Power has plans to build a second combined-cycle plant there at at an unspecified date.

We Power was started one year ago as the unregulated power development unit of Wisconsin Energy, and presently has an overall goal of building 2,800 megawatts of new generation capacity throughout Wisconsin within the decade.
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