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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

Atlantic Wind Connection Files Application to Support Offshore Grid for Wind Power

LCG, April 1, 2011--Atlantic Wind Connection (AWC) filed a right-of-way application yesterday with the Department of the Interior's Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) to support plans to construct an underwater electric transmission system designed to transmit up to 7,000 MW of power from offshore wind turbines to the transmission grid, with four planned connections ranging from near Norfolk, Virginia up to Delaware, plus interconnections in southern and northern New Jersey.

Trans-Elect (affiliated with the project) filed an application with the Federal Energy Regulatory Commission (FERC) for approval to construct system last December. The target schedule for the project is to receive regulatory approvals and project funding by 2013. Construction could then commence, with the first phase of construction completed in 2016 and the entire, 350-mile project completed by 2020. The estimated project cost is approximately $5 billion.

The project plans to use High Voltage Direct Current (HVDC) technology to create the off-shore, transmission backbone. The project is designed to be scalable so that it can be expanded to receive energy from additional off-shore wind projects.

The project investors are Good Energies, Google and Marubeni.
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