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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

APS Issues RFP for Over 1,000 MW of Long-Term Power Supplies

LCG, June 1, 2005--Arizona Public Service Company (APS) announced yesterday a Request for Proposal (RFP) for at least 1,000 MW of long-term energy resources for delivery beginning between June 2007 and June 2008. APS is forecasting customer growth of almost four percent per year and projects a need for an additional electric generating capacity in 2007 of about 1,300 MW.

APS, Arizona's largest electric utility, is requesting summer capacity for a period of not less than five years and a minimum capacity of 25 MW. A bidder's conference for interested parties will be held June 15, and responses to the RFP are due July 18, 2005. APS is the largest subsidiary of Pinnacle West Capital Corp., and APS affiliates will not participate in the RFP.

APS also recently issued an RFP for renewable energy supplies totaling at least 100 MW and at least 250,000 MWh per year for a period of not less than five years with deliveries beginning in 2006.

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