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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

NRC Renews Operating Licenses for Progress Energy's Brunswick Nuclear Units

LCG, June 28, 2006--The Nuclear Regulatory Commission (NRC) announced on June 26, 2006 that it has renewed the operating licenses for Progress Energy's Units 1 and 2 at the Brunswick Nuclear Plant, located south of Wilmington, North Carolina, at the mouth of the Cape Fear River. The renewal adds 20 years to the operating licenses, and the operating lives of Units 1 and 2 will now extend to September 8, 2036, and December 27, 2034, respectively. With the license renewals for Units 1 and 2, the NRC has now renewed a total of 44 nuclear reactor units.

The license renewal application was submitted on October 18, 2004. The NRC concluded that were no environmental impacts that would preclude renewal of the licenses for environmental reasons. The staff's review of the plant safety systems determined that there were no safety concerns that would preclude license renewal, as the licensee had demonstrated effectively the capability to manage the effects of plant aging. In addition, the Advisory Committee on Reactor Safeguards, which is an independent body of technical experts which advises the NRC, issued its recommendation that the operating licenses for Brunswick be renewed.

The two nuclear units at Brunswick Nuclear Plant have a combined electric generating capacity of 1,875 MW. An additional 244 MW of capacity was added to the plant's output from 2002 to 2005 as part of an extended power uprate program that upgraded much of the plant's equipment. The plant is owned jointly by Progress Energy (81.67 percent) and the North Carolina Eastern Municipal Power Agency (18.33 percent).

The operating license extension provides a significant block of future, emission-free power to meet the growing electric load in the Southeast.
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