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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

Contruction of Palomar Energy Project Approaches Midway Point

LCG, May 5, 2005--Construction on the Palomar Energy Project, a 550-MW power plant located in Escondido, California, is now about 45 percent complete. The gas-fired plant is expected to be up and running in the summer of 2006.

Palomar Energy LLC, a subsidiary of Sempra Energy Resources, is building the plant. SDG&E, a regulated utility and subsidiary of Sempra Energy, will purchase and operate the plant upon completion.

The natural gas-fired, combined cycle plant includes two combustion turbine-generators equipped with dry low combustors and evaporative inlet air coolers, two heat recovery steam generators equipped with duct burners, a steam turbine-generator and associated auxiliary systems and equipment. The city's sewage treatment plant will supply all of the 3 million gallons per day of reclaimed water used by the generating station. The project includes a new 230 kV switchyard connecting with an existing SDG&E electric transmission line located immediately adjacent to the project site.

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