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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

Ontario to Restart Nuclear Reactor

LCG, July 7, 2004--Ontario Power Generation (OPG) received approval to proceed with a project, budgeted now at $900 million, to refurbish and restart unit 1 at the Pickering A Generating Station located east of Toronto. The decision is driven in part by the estimate that the 515 MW nuclear unit can begin producing power in just 15 months - more rapidly than other alternatives - to meet growing electricity demands and to compensate for the government's planned closure of coal-fired plants, including the 1,150 MW Lakeview Station in April 2005.

The approval to proceed with unit 1 follows a troublesome past with Pickering refurbishment efforts. The first of four Pickering A reactors returned to service in September 2003, more than two years late and at a cost nearly three times that approved by the Board of Directors of OPG. Ontario Energy Minister Dwight Duncan vows this won't happen again. "The lack of transparency and accountability at OPG under the former government led to a serious waste of money - we will do things differently," Duncan said. "I am not willing to write OPG another blank cheque. I have directed OPG to report regularly to the public on the progress of this project, and we have an independent auditor in place to help ensure the project stays on track."

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