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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

830 MW Texas Combined-Cycle in Operation

LCG, June 5, 2002--Calpine Corporation, based in San Jose, California, announced that its 830 MW Baytown Energy Center has entered into combined-cycle operations.

The Texas facility, located in Baytown, generates 700 MW under base load and can provide 130 MW additional capacity when demand increases.

The company says its plant results in 96 percent less nitrogen oxide emission, 99 percent less sulfur dioxide emission, and half as much carbon dioxide emission than the Texas average for power plants.

Calpine has a twenty-year contract with chemical company Bayer to provide electricity and steam from the Baytown plant.

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