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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

Bankrupt Enron to Hold Asset Sale to Fund Settlements

LCG, August 28, 2002-Enron Corporation will sell several significant assets in order to pay for settlements.

Enron announced that Oregon utility Portland General Electric and Transwestern Pipeline Company will be auctioned, along with a 50 percent stake in the Citrus Corporation, a join venture with El Paso Corporation, as will some nine other holdings.

Final bids are expected in November in order to finalize decisions by the end of the year. Decisions will be subject to bankruptcy court approval.

Experts point to the pipeline as the most likely asset to be sold at a fair price because of its reliable source of revenue.

Other financially desperate companies, such as Dynegy Corp., have also made asset sales plans as well.

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