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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

LI-to-CT Cross-Sound Cable Shut Down by DOE

LCG, May 7, 2004--The high-voltage line that stretches across the Long Island Sound, connecting New York with Connecticut, will cease transmitting power, following a Department of Energy decision that a previously issued emergency order allowing flows was no longer justified.

The underwater cable began operations under contentious circumstances, following the power blackout that affected millions last August. According to the Connecticut Attorney General Richard Blumenthal prior its activation, the underwater cable had not been buried sufficiently deeply beneath the bottom of the Sound, and posed a hazard to marine life. The 330-megawatt cable was put in place by Cross-Sound Cable Co. LLC.

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