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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

Geothermal Project Nears Full Operations

LCG, March 13, 2009--Raser Technologies Inc. plans to start delivering 7 MW of electricity next week from its new geothermal facility in Utah to the City of Anaheim, California. The plant output is expected to increase shortly up to 10 or 11 MW.

The power plant facility constructed in southwestern Utah. The system is designed for relatively small temperature differentials, which increases the potential locations that can be developed across the country.

Water is heated by geothermal energy underground, and the energy is transferred to a refrigerant, with the water reinjected underground. The facility uses an organic Rankine cycle-based power system with refrigerant, rather than steam, to generate power in a closed system that has essentially no emissions.

The facility uses 50 modular units provided by UTC Power, a division of United Technologies Corp. The facility was constructed in just over a year.
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