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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

Consumer Groups Question Natural Gas Negotiated Rates

LCG, October 1, 2002-Three organizations, as well as industry members, are asking for the repeal of FERC's "negotiated rate policy," asserting that the rule is unnecessary and unfairly beneficial to pipeline operators.

U.S. pipeline companies have been allowed to charge rates higher than that allowed by tariff according to the Federal Energy Regulatory Commission's "negotiated rate policy," which permits gas pipelines to sell turned-back capacity to other shippers at higher rates.

Consumer advocate groups from Maryland, West Virginia, and Pennsylvania came together to jointly request that FERC end the policy. The American Public Gas Association, as well as many of those who purchase gas, have also expressed opposition to the continuation of negotiated rates.

Many in industry believe that the policy allows pipeline companies to wield too much control over the gas market and that the pipeline business does not have sufficient transparency.

The issue awaits FERC's attention under docket PL02-6.

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