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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

LS Power Announces New PPA for Arkansas Coal Project

LCG, December 6, 2006--Plum Point Energy Associates, LLC ("Plum Point") announced yesterday that it has signed a 50-MW, 30-year power purchase agreement (PPA) with Missouri Joint Municipal Electric Utility Commission ("MJMEUC").

The Plum Point Project is a greenfield, coal-fired power project with a design electric generating capacity of 665 MW. The new agreement provides MJMEUC electricity from the project, which is located near Osceola, Arkansas. Project construction began in March of this year. Commercial operations are scheduled to commence in mid-2010.

Plum Point announced in August that it had signed a 200-MW, 30-year PPA with South Mississippi Electric Power Association. LS Power also states that it has a 30-year PPA with The Empire District Electric Company and that a significant portion of the project's output has now been sold under long-term contract or through tenancy in common interests.

Plum Point is a a member of the LS Power Group. On September 15, 2006, the LS Power Group and Dynegy, Inc. announced a merger transaction involving certain assets of the LS Power Group, including the Plum Point Energy Station, and Dynegy, Inc.'s assets.






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