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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

Madison Plant Construction Begins

LCG, Oct. 15, 2003--A 150-megawatt power plant that will be jointly owned by the utility Madison Gas and Electric Co. and the University of Wisconsin is officially under construction beginning today.

The plant will provide power to the university and the city of Madison, as well as steam and chilled water to the UW-Madison campus. The facility will boost local generation, whereas currently 85 percent of area power needs are met through imports, according to MGE's Steve Kraus.

Wisconsin Gov. Jim Doyle was scheduled to appear at a ceremony today, and to speak on streamlining the approval process and providing economic incentives for construction of more new power plants. The groups Friends of Responsible Energy (FORE) and Madison Physicians for Social Responsibility have voiced disapproval over the failure of MGE to incorporate $6 million worth of pollution control technology into the plant, which they say will result in an unnecessary airborne health hazard.
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