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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

Kenneth Whipple will take the place ofWilliam T. McCormick as chairman and chiefexecutive at CMS Energy Corporation. Whippleplans to stay less than a year and will be assisted byMcCormick in the search for a more permanent CEO.

Dynegy Inc. has appointed Daniel L.Dienstbier as interim chief executive as CEOChuck Watson resigned. Dienstbier is a boardmember and also serves as president of NorthernNatural Gas.

German utility RWE AG named Harry RoelsChairman, replacing the retiring Dietmar Kuhnt.Roels has previously served in several capacities atRoyal Dutch/Shell Group.

Enron board members Frank Savage andJohn Mendelsohn resigned from their posts.John W. Ballentine and Corbin A. McNeillJr. have been elected to replace them.

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