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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

Federal Judge Orders NRG to Keep Supplying CL&P

LCG, July 1, 2003U.S. District Judge Richard Casey denied NRGs motion to cease providing electricity to Connecticut Light and Power.

Northeast Utilities Connecticut Light & Power currently gets 45 percent of its power from NRG.

NRG, part of bankrupt Xcel Energy Incorporated, notified CL&P that it would stop providing electricity to the utility because the company said it lost $500,000 per day by doing so. The three year contract between the company and utility is valid until the last day of this year.

CL&P asked the Federal Energy Regulatory Commission to prevent NRG from ending its contract with the utility, and FERC initially ordered the contract to be upheld until a decision could be made.

While the court responsible for NRGs Chapter 11 filing has found that NRG could exit its contract, FERC again forced the company to uphold service to CL&P last week. NRG tried to stop FERCs order by going to the U.S. District Court of Manhattan, where Judge Casey ruled that, according to the Federal Power Act, only the federal Court of Appeals could upend FERCs decision.

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