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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

European Power Outage Affects Nearly 4 Million

LCG, Sept. 26, 2003--Early Tuesday evening, southern Sweden and eastern Denmark experienced a blackout that was apparently caused by a failure on a transmission line, and which lasted several hours.

Denmark's capital city of Copenhagen as well as an industrialized area of Sweden were affected by the outage, which was estimated to have affected almost four million people across the two countries. The line that failed crosses the border between Sweden and Denmark.

The economic impact of the blackout was thought to be "very modest", according to an economist with Dankse Bank, Jesper Hansen, who was quoted in Dow Jones Newswires. While some pharmaceutical factories and other industrial facilities were forced to shut down, and nearly all businesses in Copenhagen closed, financial markets remained open, thanks to backup generators. Traffic congestion resulted on roadways, and airlines and rail traffic were temporarily disrupted until power was restored, first in Sweden and next in the islands of Denmark that had been impacted.
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