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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

Federal Loan Guarantees Approved For Nuclear Expansion

LCG, June 11, 2003--Senators narrowly approved a provision of a wider energy bill that would provide loan guarantees for construction of nuclear reactors.

Sen. Pete Domenici, R-N.M., chairman of the Senate Energy Committee, believes that providing federal backing to expansion of nuclear power would enable the industry to restart construction efforts that effectively ended in 1979. According to the Congressional Budget Office, there exists a "very high" risk of default associated with such a measure, with a price for each reactor projected at $2.1 billion to $3 billion. Six reactors would receive guarantees, based on a failed 48-50 vote to defeat the measure.

Sen. John Sununu, R-N.H., who sponsored the bid to defeat the guarantees, was quoted in the Wall Street Journal as saying, "We are putting the taxpayer at risk." Domenici thinks that although the House has not approved loan guarantees for nuclear power, final legislation will reflect them.
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