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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

PJM Approves Transmission Upgrades

LCG, October 8, 2002-Transmission operator PJM Interconnection LLC has authorized over $725 million in upgrades to the Mid-Atlantic region's electricity transmission system.

PJM's Independent Board passed the upgrades last week, and the Board of Directors approved the upgrades yesterday.

In coming to this decision, officials considered proposed projects and opinions from energy companies, transmission owners, and state regulatory bodies.

The upgrades are said to serve 39 new power plants, which will provide an additional capacity of nearly 8,600 MW.

PJM Interconnection is a non-stock company responsible for electricity grid reliability in the Mid-Atlantic region, including Delaware, Maryland, Pennsylvania, New Jersey, and the District of Columbia.

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