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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

Xcel Expands Plans for Wind Power in Minnesota

LCG, February 2, 2007--Xcel Energy announced earlier this week its plan to construct its first wind farm in Minnesota. The wind project is estimated to cost $210 million and scheduled to be complete by 2009. The new facility would have an electric generating capacity of 100 MW.

Xcel Energy's use of wind power in Minnesota took another step forward last month when it was announced that project financing for the Fenton Wind Energy Project, a 205-MW project under construction in Minnesota, was complete and that energy from the project is to be sold to Northern States Power, a subsidiary of Xcel Energy. The power output will be purchased under a 25-year agreement. The facility includes 137 GE wind turbines, each with a capacity of 1.5 MW, and is scheduled to start commercial operations in the second half of this year. enXco, Inc. is the developer of the Fenton Wind Energy Project.
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