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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

FERC Approves Louis Dreyfus to Trade Electricity

LCG, Oct. 14, 2002--The privately owned bank Louis Dreyfus received approval this month from the Federal Energy Regulatory Commission (FERC) after it sought to trade electric power and ancillary services.

Dreyfus trades commodities in over 50 countries, and applied in July with FERC to trade power in the United States. Among the ancillary services Dreyfus intends to offer are imbalance and spinning reserves within the PJM Interconnection, as well as through New York Independent System Operator (ISO), New England Power Pool and the California ISO. Spinning reserves are called upon when either an unexpected loss of generating capacity or a quick increase in demand necessitates that a running generator provide additional power.

A business unit of Dreyfus, Louis Dreyfus Electric Power Inc. has had approval to trade power since 1992. Rather than use the approval granted to that unit, the company decided for "business, commerical and corporate reasons" to create Louis Dreyfus Energy LLC.

As a condition of Dreyfus' ability to trade, it may need to submit reports to the FERC to show "that neither public nor private interests will be adversely affected by continued approval of Louis Dreyfus Energy's issuances of securities or assumptions of liability."
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