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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

NRC Extends Operating License for Entergy's Vermont Yankee Nuclear Plant

LCG, March 23, 2011--The U.S. Nuclear Regulatory Commission (NRC) issued on Monday a 20-year license extension to the Vermont Yankee nuclear plant, a 605-MW, nuclear reactor that is owned and operated by Entergy Corp. The existing operating license is scheduled to expire in March 2012.

Entergy's ability to extend the operating life of the plant remains somewhat uncertain, as Entergy apparently agreed to seek state approval to extend the life of the plant when the facility was acquired. Last year, the Vermont Senate voted against relicensing, and the new Governor (and former Senate pro tem) of Vermont is opposed to relicensing.

The recent earthquake, tsunami, and related challenges to control nuclear plant operations in Japan have elevated the concerns. A Vermont representative stated, "The radioactive release in Japan is the result of inundation by water.... We may be a seismically inactive area but we do face the power of water if nature decides to inundate the Vermont Yankee plant. Is it-- and the emergency support systems around it-- up to the task of protecting the people of Vermont?"
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