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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

Top Officials at CA ISO Resign

LCG, June 4, 2004--The chief executive of the California Independent System Operator resigned this week, as did Elena Schmid, who served as the vice president of corporate and strategic development.

Terry Winter was formerly an executive at San Diego Gas & Electric Co., and experienced criticism when he sought a Federal Energy Regulatory Commission ruling to abandon wholesale price caps, so that more suppliers would bid to sell electricity to California. Winter said that he was under no pressure from Gov. Schwarzenegger or the Board of Governors of the ISO to resign.

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