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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

IPL Adds New Wind Project

LCG, October 15, 2008--Indianapolis Power & Light Co. (IPL) announced Monday that, together with enXco, it plans to proceed with the development of the Hoosier Wind Park, to be built in Benton County, Indiana. Key factors pushing the project forward are that the Indiana Utility Regulatory Commission on October 1 approved the 20-year, power purchase agreement (PPA) between IPL and enXco, and Congress recently extended the Federal Renewable Tax Credit.

The Hoosier Wind Park will include 21, 2-MW wind turbines with a total electric generating capacity of 102 MW. EnXco will build the wind farm. The project is scheduled to commence in December 2008, with commercial operations scheduled to begin in May 2009.

BP Alternative Energy and Dominion are also developing the Fowler Ridge Wind Farm, located approximately 90 miles northwest of Indianapolis. When completed, the capacity of the wind farm will be 750 MW.
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