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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

Bruce Unit Restart Expected This Month

LCG, August 16, 2002--According to Bruce Power, one of four nuclear generating units in Ontario shut down between 1995 and 1998 is likely to be brought into operation again this month.

Of two groups of units making up the Bruce generation station, Bruce A and Bruce B, only the four Bruce B units, started in 1995 through 1998, have been operating recently. Of these, the 860-megawatt Bruce 6 was taken off line in March for significant maintenance activity. The plant is located between Kincardine and Saugeen Shores, next to Lake Huron, with Toronto approximately 165 miles to the southeast.

No mention was made about which of the 825-megawatt units might be restarted. Bruce Power, which is the majority owner of the plant, is a unit of British Energy plc. Cameco Corp. has a 15 percent ownership stake. Approximately 5 percent is owned by unions whose members work at the plants, the Power Workers' Union and The Society of Energy Professionals.
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