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News
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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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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
CA ISO to Implement Damage Control as Electricity Price Caps Expire
LCG, October 29, 2002-The California Independent System Operator (ISO), responsible for transmission reliability in the state, is preparing to apply its new market design when the electricity price cap expires tomorrow.California's wholesale electricity price cap, currently set at $91.87 per megawatt-hour, was instituted by the Federal Energy Regulatory Commission (FERC) in June of 2001 to curb spikes in electricity prices. FERC has neglected to extend the price caps beyond October 30, and the California ISO took this into account when creating its new market design proposal.The ISO will use a three-test bid evaluation system in order to determine whether or not an offered wholesale price is reasonable. Prices determined to be unreasonably high will be lowered to a rate determined by an "independent third party." Also, California generators will be forced, under FERC's rules, to offer all available capacity to the market if it is needed. Out-of-state suppliers will also be forced to provide available capacity to other control areas in the west as needed.Bid evaluation will be conducted by the Automatic Mitigation Procedure (AMP), which will determine whether or not a bid is consistent with recent bid history by computer. AMP is only used if the predicted Market Clearing Price is greater than $91.87. If the bid is significantly greater than the projected, unit-specific price and the bid will increase the Market Clearing Price by more than 200 percent or $50, the bid fails and will be lowered to the unit-specific reference price. More detail on the market rules can be found from the ISO's website: www.caiso.com.Current wholesale electricity prices are well below last summer's and have remained around $30 to $40 per megawatt-hour.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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