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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

Ontario Announces C$7 Billion Agreement for Renewables

LCG, January 22, 2010--The Ontario government yesterday announced that it signed an agreement with a Korean consortium to invest C$7 billion to generate 2,500 MW of wind and solar power.

The consortium, led by Samsung C&T Corporation and the Korea Electric Power Corporation (KEPCO), will work with major partners to attract four manufacturing plants related to wind and solar technology for use in Ontario and export to the United States.

Dalton McGuinty, Premier of Ontario, stated, "Thanks to today's announcement, we will be delivering more green energy for Ontarians to use -- and more green energy products for North America to buy. With this step, Ontario is becoming the place to be for green energy manufacturing in North America."

McGuinty also stated, ?Above all this means that Ontario is officially the place to be for green energy manufacturing in North America? During the next several years the U.S. is going to build many many thousand of megawatts of energy from renewables. Someone is going to have to supply that technology.?

The massive new commitment toward renewable power follows revisions last year to Ontario Power Generation's (OPG) plans to close four coal-fired, power plants, with a combined generating capacity of 2,000 MW, four years ahead of schedule.
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