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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

SRP Selects Iberdrola for Solar PV Project

LCG, November 24, 2009--SRP announced yesterday that it selected Iberdrola Renewables Inc. to design, construct and operate a 20-MW solar photovoltaic (PV) power facility in Arizona. The project is scheduled to commence operations in 2011 and will be the largest PV facility in Arizona.

SRP expects to present the proposal to the SRP Power Committee at its meeting in December. In January, SRP management will likely present the power purchase agreement for the project to SRP's Board for final approval. The proposed agreement to purchase power generated by the solar farm includes a term of 20 to 25 years.

SRP's associate general manager for Commercial and Customer Services stated, "We want to be in a position to offer our customers a new, lower-cost solar energy option by giving them the opportunity to purchase the green power directly from this solar facility. SRP will utilize whatever output may not be subscribed by our customers, if any."
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