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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

Southeast Chicago Plant Dedicated

LCG, Oct. 18, 2002--A new 350-megawatt peaking plant, the Southeast Chicago Energy Project, is beginning operatons, with a dedication cermony being held today.

The plant, owned by Exelon Corporation and Peoples Energy Corporation consists of eight gas turbines, equipped with dry, low-nitrogen oxide burner controls. The controls will reduce emissions at the plant. The chairman, president and CEO of Peoples Energy, Thomas M. Patrick, said "We are committed to providing Chicago and the region with a clean-burning natural gas-fired electricity. Partnering with Exelon to develop this project helps us deliver on that promise while continuing to provide value to the Midwest energy marketplace."
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