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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 Rules to Preserve Charges Between Transmission Systems

LCG, April 1, 2003The Federal Energy Regulatory Commission decided grid operators can charge fees to transfer electricity from one operators transmission lines to another through their own.

The case surfaced as PJM Interconnection and Midwest Independent System Operator applied to join their respective service territories. Midwest ISO serves some Southern States as well as several Midwest states including parts of Illinois, Indiana, Iowa, Kentucky, Maryland, Michigan, Minnesota, Ohio, and Wisconsin. PJM serves mid-Atlantic states.

While some utilities have claimed that such "through-and-out" charges are unfair and hamper competition, FERC ruled that the two transmission operators will be allowed to continue charging fees to send electricity through their transmission lines from another operators lines.

FERC Judge Herbert Grossman made the ruling yesterday, although FERC commissioners can revise Grossmans ruling. The judge also noted that if FERC throws out such fees, a new fee should be instated in such a way as to not allow utilities to shift costs to ratepayers.

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