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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

New Hampshire Plans Legal Action Over New Source Review

LCG, Sept. 3, 2003--The EPA's recently announced changes to rules governing power plants' installation of emissions-reduction equipment will be the subject of a lawsuit by New Hampshire, the state's Attorney General, Peter Heed, has announced.

The lawsuit would be in additon to other pending litigation against EPA's changes to policy on "new source review" before the U.S. Court of Appeals, in the District of Columbia circuit. The new rules would increase the ability of power plant owners to install new equipment at existing facilities without having to also install devices to restrict pollution. Enforcement of the rules has been inconsistent and confusing, many plant owners have complained. Confusion over the implementation of the rules was cited as a problem by a judge in a recent lawsuit the agency brought. The suit nonethless resulted in a ruling in favor of the EPA. They also say it has led them to forego maintenance and modifications for enhanced efficiency on older facilities that they might otherwise undertake.

According to New Hampshire's Heed, "EPA has created a loophole that attempts to legalize what the Clean Air Act prohibits - increased air pollution from outdated industrial equipment. What this rule means for New Hampshire is more air pollution from upwind power plants, refineries and other industries that can avoid modern pollution controls." The rules apply to 17,000 facilities nationally, and could represent significant savings due to companies' ability to avoid additional investment under new source review, in the billions of dollars.
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