EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

Bulgaria Looks For Help to Construct Nuclear Plant

LCG, April 1, 2003Several international companies have expressed interest in completing a nuclear power plant in Bulgaria.

The government of Bulgaria has been pursuing the construction of a second nuclear power plant since the end of last year as four reactors are to be closed at its 3,760-megawatt Kozloduy plant on the Danube River.

British Nuclear Fuels PLCs subsidiary U.S. Westinghouse, Atomic Energy of Canada Ltd., Framatome SA, Skoda of the Czech Republic, and Atomstroyproect of Russia have all looked into building a nuclear plant for Bulgaria and have given the government engineering specifics.

The reconstructed plant will be built at Belene, located on the Danube. Construction costs are estimated to be about $1 billion, according to Minister of Energy Milko Kovachev. Nearly half of the plants construction was begun in the 1980s. Later the 1,000-megawatt project was scrapped indefinitely as money ran out and the Soviet Union fell. Bulgaria hopes to use as much of the prior construction as possible, but the number of reactors, as well as the future plants capacity, hav not been established.

The countrys two oldest reactors closed at the end of last year, and four more will be decommission in 2007.

Meanwhile, Bulgaria sells a significant amount of its electricity internationally, exporting to neighboring states like Romania, Greece, Serbia and Turkey. The government will try to keep its share of the export market throughout its transition between nuclear plants.

According to U.S. government statistics, Bulgaria produced roughly 38.84 billion kilowatt-hours and exported over 3 billion kilowatt-hours in 2000. Energy is produced by nuclear fuel, fossil fuels, and hydro generators in proportions of 44%, 48%, 8% respectively. The country has a population of 7.6 million.

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service