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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

Fire Shuts Down 800 MW Florida Plant Indefinitely

LCG, September 10, 2002-According to plant officials, the Martin power plant in central Florida was shut down because of explosion and fire yesterday afternoon.

As of this writing, the cause of the fire is still unknown, and the unit has been shut down without a reported restart date. A second 800 MW unit at the Martin plant was also temporarily shut off as a safety precaution, although it sustained no damage.

The Martin plant is owned by Florida Power & Light, a subsidiary of FPL Group.

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