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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

New Jersey Nuke Heading for Higher Capacity

LCG, Aug. 1, 2002--The Hope Creek nuclear plant in southern New Jersey is undergoing improvements that may enable owner Public Service Enterprise Group to increase output 10% there by 2004.

The upgrade, to be performed by General Electric Co., will replace the existing main steam turbine at the 1,100-megawatt generating station. An application to make changes to the plant license has been filed with the Nuclear Regulatory Commission.

Similar work is underway at other nuclear plants owned by PSEG Inc. The two-unit Salem generating station is already undergoing construction work to uprate its capacity, making the total increase for both plants approximately 200 megawatts upon completion.
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