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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

TXU and Airtricity Execute Agreement for Roscoe Wind Farm in Texas

LCG, May 16, 2007--Airtricity, Inc., and TXU Corporation yesterday announced a new, five-year power purchase agreement (PPA) in which TXU Wholesale will purchase the electricity generated from the 209 MW Roscoe Wind Farm, located in Texas about 45 miles southwest of Abilene.

The Roscoe Wind Farm will include 209 Mitsubishi 1000A turbines, each with an electric generating capacity of 1 MW. The project is scheduled to be completed by the end of 2007.

At the completion of the project, TXU will have 965 MW of capacity from wind generators. Furthermore, the project will move the state of Texas closer to achieving its renewable energy target of 5,880 MW of its electric generation from renewable sources by 2015. The target is part of the Texas Renewables Portfolio Standard (RPS). Qualifying renewable resources in Texas are solar, wind, geothermal, hydroelectric, wave energy, and biomass, including landfill gas. The renewables target includes 500 MW of non-wind, renewable resources. Moreover, qualifying facilities must be installed after September 1999. In Texas, the RPS applies to all retail energy providers including municipal and cooperative utilities.


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