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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

Power Plant Seen in Indian State

LCG, Jan. 27, 2004--Six months after legal reforms governing the power sector were instituted in India, the country's Reliance Industries has announced it is considering construction of a 3,500-megawatt power plant.

One of the main features of the act that appears to have prompted the plans for the state of Uttar Pradesh is the status it gives to state electricity boards, which have shown difficulty in returning dues owed to private investors, including Enron in the early 1990s. The managing director of Reliance Industries, Anil Ambani, said, "We would not have made this investment if we were not confident that Uttar Pradesh is committed in a durable fashion to a genuine reform of its power sector."

Uttar Pradesh, in northern India, has over 40,000 villages that do not have electricity. Theft and poor efficiency are serious problems in areas that do have power supplies.
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