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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Organizations Sue over UK Nuke Assistance

LCG, November 21, 2002-Power companies have sued regarding government assistance to nuclear generator British Energy PLC.

Last month U.K. nuclear generator British Energy asked the British government if it would provide a loan in order to prevent the company from going bankrupt.

The U.K. in turn approved a loan to the company on November 9 and on November 11 notified the European Union that it intended to loan the energy company more than $1 billion (£650 million) over an unspecified period of time.

Now, energy companies, along with the Belgian government, have complained about the bailout.

Energy company Ecotricity, along with environmental organization Greenpeace, will take the company to the British High Court tomorrow with allegations that the loans are illegal because the British government did not seek European Union approval before giving the loans.

According to EU rules, such aid must have European Commission authorization before being granted.

The case will be heard tomorrow morning at the Royal Courts of Justice on the Strand.

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