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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

NRC Issues EIS for NRG's Proposed Nuclear Units in Texas

LCG, March 4, 2011--The United States Nuclear Regulatory Commission (NRC) issued Wednesday a favorable final environmental impact statement (EIS) for building two new Advanced Boiling Water Reactors (ABWRs) at the South Texas Project, an existing nuclear station located approximately 90 miles southwest of Houston.

Nuclear Innovation North America (NINA), a partnership between NRG and Toshiba Corp., applied for the permits in late 2007. The proposed new reactors must still clear a number of regulatory hurdles, including the review by the independent Advisory Committee on Reactor Safeguards, a final safety evaluation report by NRC staff and a final decision by the 5-member commission. NINA plans to receive a construction license in 2012 and commence operations of the two units in 2016 and 2017, respectively.

The South Texas Project (STP) Nuclear Operating Company, which currently operates units 1 and 2, will also operate the new 1,350-MW units. Units 1 and 2 are 1,410-MW pressurized water reactors that commenced operations in the late 1980s.

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