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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

Gila River Plant Complete

LCG, July 21, 2003--Units 3 and 4 of the Gila River Power Station have reached a "major milestone" as part of TECO Power Services' construction program, and are substantially completed, it was announced today.
A subsidiary of TECO Energy, Inc., TECo Power Services noted that the completion of major construction at the 2,145-megawatt power plant, ahead of schedule, provides it with necessary security to provide the lenders to the project. The plant can also provide more capacity during the summer, the company said. The amount of security to be posted in connection with letter of credit postings will become $66 million, down $44 million from the current level.

Upon the completion of the units and final acceptance, scheduled this fall, the amount of postings is expected to become $8 million. TECO Energy, Inc. also has subsidiaries Tampa Electric, Peoples Gas, TECO Power Services, TECO Transport, TECO Coal and TECO Solutions.
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