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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

Senate Energy Committee Puts Nuclear Assistance into Energy Bill

LCG, Apr. 11, 2003--As much as $30 billion worth of loan guarantees for the building of six new nuclear power plants producing 8,400 megawatts were approved by the Senate Energy Committee as part of a broader energy bill yesterday.

Sen. Pete Domenici, R-N.M., has already indicated that he believes nuclear power is an important part of the nation's energy portfolio. "This committee is no longer frightened to death with the notion of nuclear power," Domenici, the chairman of the committee, said. The loan guarantees, for which no specific amount was given, would cover half of the cost of individual plants, estimated by lawmakers at $10 billion apiece.

The private insurance industry has not offered coverage for the full amount of claims that could be incurred following an accident at a nuclear plant. The Senate Energy Committee also voted to prolong for the foreseeable future coverage provided the government for claims over $9.3 billion.

"Nuclear power is a mature technology today," said Sen. Jeff Bingaman, D-N.M. "I can't see a justification for the taxpayer picking up such a substantial portion of these costs."

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