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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 Releases El Paso Pipeline Strategy Papers

LCG, December 3, 2002-Accusing the El Paso Corporation of intentionally withholding gas supplies during California's energy crisis, FERC released potentially incriminating documents yesterday during a hearing.

El Paso Corp. is currently in court over its possible involvement in manipulating pipeline supply to California.

The Federal Energy Regulatory Commission released documents yesterday referring to El Paso's business plans, which until now had been kept confidential.

One memo showed that, during a meeting in February of 2000, El Paso officials had talked about methods of leaving pipeline capacity idle in order to increase profit.

Other, April 2000 documents referred to widening the basis spread, the difference between California border prices and more eastern regions' prices. The same memo discussed moving supply to Arizona or Mexico, away from California.

Many gas purchases and politicians have alleged that El Paso reaped immense profits from withholding pipeline capacity, although El Paso continues to deny any wrongdoing.

Californian utility attorney's say that El Paso had an obligation to bring 3,290 million cubic feet of gas per day, and that the company only offered 75% and delivered less than that amount in order to increase gas prices. Some say even the addition of a small amount of gas would have resulted in more affordable prices and ultimately would have led to cheaper electricity prices as well.

El Paso Corporation's Pipeline Group is the largest pipeline company in the country and owns over 48,000 miles of pipeline.

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