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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

Jamaica Bay Energy Center Operational

LCG, July 7, 2003--New York's Long Island Power Authority will have an additional 54 megawatts of generating capacity from the Jamaica Bay Energy Center, developed by FPL Energy, LLC, the subsidiary of FPL Group.

The generating unit will serve primarily during peak demand periods, and is located in the borough of Queens, New York. According to Long Island Power Authority chairman Richard M. Kessel, "Demand for electricity in the Rockaways has increased dramatically in recent years. FPL Energy's new Jamaica Bay Energy Center will help LIPA meet that ever-growing demand, especially as some very impotant local redevelopment projects come to fruition in the near future."

The plant has dual-fuel capability, and like FPL's adjacent Bayswater Energy Center, will sell its output to the Long Island Power Authority under long-term contract.
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