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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

Construction Proceeds at FPL Energy's Wind Farm in Colorado

LCG, May 18, 2007--The ground breaking ceremony occurred Wednesday for the Peetz Table Wind Energy Center, located in Colorado. Xcel Energy executed a long-term, power purchase agreement (PPA) with FPL Energy for all of the power generated by the project, which has a target capacity of 400 MW. The wind energy will provide a substantial portion of the renewable energy called for in Colorado's renewable portfolio standard (RPS).

The Peetz Table Wind Energy Center was developed by FPL Energy and Invenergy Wind LLC. A subsidiary of FPL Energy will operate the energy center, which is to include 267 GE wind turbines. The installation of the wind turbines is scheduled to be completed by the end of the year.

In order to connect the project to the electric grid, FPL Energy will construct a transmission line nearly 80 miles long to Xcel Energy?s Pawnee substation near Brush.

The Colorado RPS requires each investor-owned utility to use specific percentages of renewable energy and/or recycled energy, including 5% of its retail electricity sales in Colorado for the years 2008-2010, and ratcheting up to 20% for the year 2020 and for each subsequent year.
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