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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Hydrostor Announces Offtake Agreement with California Community Power for the Willow Rock Energy Storage Center

LCG, February 12, 2026--Hydrostor today announced that the Willow Rock Energy Storage Center has signed a 50 MW offtake agreement with California Community Power (CC Power) on behalf of six of its community choice aggregator members: CleanPowerSF, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy Authority and Valley Clean Energy Authority.

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Industry News

New Zealand Experiments With Real-Time Electricity Pricing

LCG, October 15, 2002-M-co, New Zealand's electricity market operator, has begun operating a real-time wholesale electricity pricing system.

Normally, New Zealand's wholesale electricity prices are calculated every 30 minutes, but M-co will now have the prices reported every 5 minutes. This publishing-per-5 minutes trial will last three months and will not affect market settlement as yet.

M-co's intention is to optimize the market; the company feels that the shorter time may have a positive effect on the calculation of settlement prices.

M-co also operates the retail electricity market of South Wales, the green energy market of Australia, and the wholesale electricity market of Singapore, in addition to working with developing markets in Africa.

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