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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

China Expands Nuclear Capacity by Over 100%

LCG, February 6, 2003-The Republic of China brought a significant amount of new nuclear generation into operation last year, more than doubling the country's nuclear power capacity.

Four generators came on line between April 2002 and February 2003, adding up to 2,300 megawatts of capacity. Prior to their construction, China had 2,100 megawatts of nuclear capacity.

Atomic Energy of Canada Ltd. provided the reactor for the Qinshan Phase Three project, in the province of Zhejiang. Chinese producers made the reactor for Qinshan Phase Two.

Framatome ANP, a subsidiary of France's Areva and Germany's Siemens AG, provided the two reactors installed at the Ling'ao site in the province of Guangdong.

Officials project that the country will have 9,000 megawatts of nuclear generation by 2005.

China has both uranium and plutonium mines within its own borders.

Last year the government of China began breaking up the state power monopoly, splitting the country's energy assets into distinct companies.

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