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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

APS Signs PPA with NextEra for Power from Perrin Ranch Wind Energy Center

LCG, July 29, 2010--Arizona Public Service Company (APS) and NextEra Energy Resources have executed a 25-year, power purchase agreement (PPA) for APS to buy all of power generated from NextEra's planned Perrin Ranch Wind Energy Center, located in Coconino County, Arizona.

The 99.2-MW project will consist of 62, 1.6-MW wind turbines. Construction is scheduled to commence next year, and the project is expected to deliver power to the grid in 2012. This schedule is contingent upon receiving necessary permitting. In addition, the PPA must be approved by the Arizona Corporation Commission (ACC).

In 2006, the Arizona Corporation Commission (ACC) adopted rules setting Arizona's Renewable Energy Standard (RES) to 15 percent by 2025, with 30 percent of the renewable energy to be derived from distributed energy technologies. Investor-owned utilities (like APS) and electric power cooperatives serving retail customers in Arizona must meet this target. The RES target in 2012 is 3.5 percent.

Arizona's first commercial-scale wind farm, the Dry Lake Wind Power Project, was dedicated in October 2009. The 63-MW project was developed by Iberdrola Renewables, and Salt River Project (SRP) signed a PPA for all of the power output. The project includes 30 Suzlon S88-2.1 MW wind turbines.
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