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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

Midwest ISO and Southwest Power Pool to Remain Separate

LCG, Mar. 21, 2003--Discussion held since summer of 2001 to merge the Midwest Independent Transmission System Operator, Inc. (Midwest ISO) and Southwest Power Pool, Inc. into one organization have ended with the parties agreeing for now to function as distinct entities.

The decision was made known to the the Federal Energy Regulatory Commission. "While the process has been long and involved, both organizations have benefited through working as a single organization for nearly one year," SPP's president, John Marschewski, said. The CEO and president of the Midwest ISO, Jim Torgerson, agreed that the discussions between the SPP and Midwest ISO have helped them to address issues regarding their common border better than might have otherwise been possible.

Torgerson commented, "The conditions required to close the transaction will not be met in the foreseeable future. As such, it is now best that we focus the attention of our separate organizations on the immediate needs of our respective participants."

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