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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

German Natural Gas Market Talks Fall Apart

LCG, April 10, 2003Today German gas consumers and pipeline companies could not come to agreement over Germanys gas supply network and broke off talks, according to consumer group VIK.

Germany does not have a state regulator for electricity and gas and relies on industry players to agree upon rules regarding competitive use of gas pipelines and electricity transmission.

Consumer associations German Industry Association and the Association of Industrial Energy Users met with the gas industry associations to make a new agreement regarding gas distribution, which would be applied by October of this year. The current legal sector agreement expires at the end of this September.

Those who transport natural gas have asked that pipeline usage fees reflect the distance gas travels in the pipeline and be applied per sale. Gas purchasers would like a single transport fee for all of Germany.

Some companies interested in buying natural gas say that negotiating transport over the countrys hundreds of pipelines takes so much money and time that the current system prevents anyone new from entering the market.

Meanwhile, Germany has decided to bring in some level of regulation by the summer of 2004 in keeping with European Union standards, but much has yet to be determined regarding the level of authority and the location of a new regulatory body. According to government officials, the failed talks have provided further evidence of the countrys need for oversight.

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