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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

Colorado Pursues Wind Power

LCG, August 24, 2004--Last week Xcel Energy received approval from the Colorado Public Utilities Commission to add at least 500 MW of wind capacity to its energy portfolio by 2006. The Xcel wind plan is contingent upon Congress extending the production tax credit this year.

It was also announced last week by the Colorado Secretary of State that the Colorado Renewable Energy Initiative had gathered enough signatures to place the initiative on the ballot. The initiative, opposed by Xcel, would require electricity providers serving more than 40,000 customers to use 10 percent or more of power from renewable sources by 2015.

In spite of delays in the extension of the production tax credit, wind power and renewables are gaining momentum as sixteen states and a number of municipalities set long-term renewables goals that require a significant portion of energy be supplied by renewables. For example, California's Renewable Portfolio Standard (RPS) requires 20 percent of the energy the Investor-Owned Utilities deliver to their customers to come from renewable resources by the year 2017. To pursue these goals, both San Diego Electric & Gas and Los Angeles Department of Water and Power issued Requests for Proposals (RFPs) for renewables last month.

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