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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

Calpine Geothermal Plants to Support Reliability in California

LCG, Feb. 26, 2003--An agreement between Calpine Corp. and the California Independent System Operator will allow the grid operator to dispatch over a dozen geothermal plants owned by Calpine to maintain grid reliability.

The agreement governs 13 of its 19 Geysers generating units in Northern California, and will provide Calpine revenue from $40 million to $45 million each year for 2003, 2004 and 2005. The generators will be designated "reliability-must-run" resources.

The units may also be used to produce power for the ISO at a contracted price, or for other buyers.
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