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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Davis-Besse Repairs Increase in Cost and Duration

LCG, Oct. 7, 2002--Repairs underway at the Davis-Besse nuclear power plant in Ohio will require that the plant be out of service until early next year, and are expected to cost owner FirstEnergy more than $100 million above what was originally estimated.

The cost of installing a new reactor head, estimated at between $55 million and $75 million, will remain the same, according to the company. This year's work necessary to bring the plant online will likely increase in cost by $65 million, while next year's follow-up maintenance is seen as incurring $50 million more in expenses than previous estimates.

While the plant is out of service, FirstEnergy has a supply of energy to replace the nuclear plant's output, due to hedging. Of the repairs being performed, only the new reactor head will be capitalized. A leak of boric acid resulted in a hole within the protective reactor head.
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