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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

Avista Found Not to Have Manipulated Market

LCG, Feb. 3, 2002--Federal Energy Regulatory Commission staff filed an agreement with the agency Thursday, made with Avista Corp., that is intended to close an investigation into energy trading in which Avista subsidiaries participated in 2000 and 2001.

The filing will be subject to a 30-day period for public comment, supervised by FERC Administrative Law Judge Curtis Wagner, Jr. After the comment period, Wagner may certify the agreement for final approval by FERC commissioners.

The trading at the center of the investigation also included Enron Power Marketing Inc. and Portland General Electric Co. as participants. FERC staff determined that no intentional manipulation of the market was committed by Avista traders working for Avista Utilities or Avista Energy.

FERC made suggestions in the filing as to how Avista can improve its procedures for recording trades in real-time markets, settling trades in dispute, and train its traders, who the agency said should be part a clear chain of command whenever uncertainty exists. It also cited the company's "overall cooperative" engagement and assistance in the investigation.
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