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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

Science Panel Says Hurdle of Hydrogen Infrastructure is Overlooked

LCG, Feb. 5, 2004--The National Academy of Sciences has found that reduction of carbon dioxide emissions based on new hydrogen-fueled vehicles would require much more research and planning for associated infrastructure, and would only be realized after a "lengthy transition period."

A report issued by the academy indicated that scientific problems remain, and that a plan by the Bush administration to jump-start hydrogen-based transportation is currently "unrealistically aggressive". The panel that wrote the report was headed by Michael P. Ramage, formerly of ExxonMobil.

President Bush has said that he will commit $1.7 billion towards hydrogen research during the next five years. Among the areas that the scientific panel cited as needing more "exploratory" research were hydrogen storage, delivery methods, materials for pipelines and the key reaction, electrolysis, that would release energy for motive power.

Energy Secretary Spencer Abraham said that an earlier report by the National Academy of Sciences had prompted the Department of Energy to increase funds for exploratory research, and that the new report supported President Bush's ultimate goal for hydrogen vehicles.
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