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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

Xcel Faces Nuke Waste Problem as Minnesota Votes Against Storage

LCG, May 16, 2003-Minnesotan legislators voted against Xcel Energy Inc.'s request to store additional radioactive waste on site.

The House decided against Xcel 99 to 33.

The Minnesota senate approved extra radioactive fuel storage at Xcel's nuclear power plant in Red Wing. Prairie Island, a 2 reactor plant, provides 1,076 megawatts capacity. Xcel has said that the plant may face being mothballed by 2007 if radioactive waste cannot be stored on site.

Currently Prairie Island is allowed 17 casks to store waste. The plant is seeking permission to increase the number by 12. The casks are constructed from steel, lead, and concrete and require regular monitoring. Such casks are given 20 year licenses.

Xcel has not given up as yet and insists it will continue to discuss the storage problem with legislators. The company has in past years explored other storage options, including locations in states such as Utah. Prairie Island is the only authorized spent fuel rod storage location in Minnesota.

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