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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

San Francisco Offered Peaking Turbines

LCG, DEc. 16, 2002--As part of a settlement between California and Williams Energy Cos. on multi-billion-dollar energy contracts, San Francisco has the option to finance construction of four gas turbines, which would be provided at no cost by the energy company.

The Board of Supervisors is scheduled to vote today on whether to accept the turbines, which would be delivered along with $12 million out of $147 million being paid by Williams Energy to California as part of the settlement. If the turbines operate within the city, the Department of Water Resources would purchase their output under a 10-year contract, after which the city would be able to operate the plants as it needs.

The capacity of the units, which are peaking turbines, is a total of 200 megawatts, compared to the 163-megawatt Hunters Point plant owned by PG&E. Mayor Willie Brown, environmentalists and residents within the Hunters Point district have called for Hunters Point being shut down, due to its being a source of pollution. The city receives much of its electric power from plants not on the peninsula, with transmission lines delivering power through San Mateo County. Roughly 30 percent of San Francisco's usage depends on Hunters Point and the Potrero Hill plant, owned by Mirant.

A federal deadline of Jan. 1, 2005 for new clean air standards to take effect may necessitate a retrofit of Hunters Point, if it is not shut down at that time. The turbines being proposed would reportedly produce 16 times less ozone-creating pollution than Hunters Point.
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