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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

Northern Italy's Water Shortage Threatens Power Supply

LCG, July 15, 2003--The level of the Po, Italy's largest river, has dropped to the lowest level observed in 100 years, raising the possibility that a second power station, near Venice, could be closed within two weeks.

Both hydropower plants and fossil-fuel plants might have to be shut down, without sufficient water to either power the turbines or provide cooling. June brought high temperatures, increasing the level of demand for power on the electrical system. The strain resulted in power being cut in Rome, Milan and Turin. The situation is serious enough that the national civil protection chief, Guido Bertolaso, indicated that the country might not be able to provide irrigation to farmers as well as power for industry in the northern part of the country. Bertolaso said that sacrifices might have to be made by particular regions or types of industries.

One possible source of water is in the major lakes Como, Maggiore and Garda, which support a tourist industry on the southern slopes of the Alps. Tourist boats would likely be affected by the changed levels of the lakes, and poorer navigability.

A public campaign has begun to encourage water conservation, although if there is no rainfall in the next few weeks, it appears likely that some constituencies will need to go without either water or power, whether voluntarily or not.
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