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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

Cielo's Texas Wind Project Moves Forward

LCG, December 9, 2004--Cielo Wind Power of Austin is negotiating tax benefits with Oldham County officials for a 160-MW wind project planned west of Amarillo, Texas. Excel Energy will purchase the power from the wind farm, which is scheduled to commence operations late next year. Local officials are considering favorable tax arrangements in order to increase the tax base and hope to reach an agreement with Cielo by the end of the year.

According to a spokesperson for Xcel Energy, the transmission capacity in the area is an issue and is approaching limitations. Once the 160-MW wind farm is completed, additional generation cannot be added until a new, 345-kV transmission line is installed. The new transmission line is estimated to cost approximately $50 million and could require roughly three years to complete.

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