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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

PG&E Executes Agreement for Solar Power from 177-MW Thermal Plant

LCG, November 6, 2007--Pacific Gas and Electric Company (PG&E) yesterday announced a power purchase agreement with Ausra, Inc. for the electric output from a 177-MW solar thermal power project proposed in central California in San Luis Obispo County. The project is planned to be operational in 2010.

The project will incorporate Ausra's Compact Linear Fresnel Reflector (CLFR) solar technology designed to use the sun's energy to boil water at high temperatures to power steam turbine generators, similar to traditional fossil-fuel power plants - but without air or water emissions. According to Ausra, a CLFR collector reflects and concentrates sunlight on an elevated absorber to roughly 30 times the intensity of sunshine at the earth?s surface.

The solar collector footprint for the project will require about one square mile (640 acres) of land. Ausra filed an Application for Certification for this plant with the California Energy Commission, from which approval is required prior to construction.

California passed a Renewable Portfolio Standard (RPS) Program that requires utilities to increase their electric supply procurement of eligible renewable generating resources by one percent of load per year, with a 20 percent renewables target by the end of 2010 and a 33 percent target by the end of 2020.

Ausra is a privately held, California-based company funded by Khosla Ventures and Kleiner, Perkins, Caufield & Byers.
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