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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

Kendall Square Generating Units Could Be Shut Down

LCG, Apr. 12, 2004--Two generators capable of producing a combined 284 megawatts at the Kendall Square power plant in Massachusetts may be shut down by owner Mirant Corp.

Mirant spokesman Loue Friscoe said that the generators are not economically viable, due to their infrequent operation. Mirant, which is bankrupt, hopes to gain approval for shutting down the Kendall Square units from regulators. It would take the units off-line in October, but keep two jet fuel-burning generators that produce 20 megawatts each operating. Those units could produce power as well as steam for local commercial use.
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