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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

NextEra Advances Financing for 250-MW Solar Project in California

LCG, August 30, 2011--NextEra Energy Resources, LLC, announced yesterday that its subsidiary, Genesis Solar, LLC, has closed on construction and term financing consisting of $702 million in project bonds, a $150 million project term loan facility and an $83 million project letter of credit facility for a 250-MW concentrating solar thermal generating facility located in Riverside County, California. In addition, the U.S. Department of Energy (DOE) provided a loan guarantee of 80 percent of the principal and interest on the project bonds and project term loan under its Financial Institution Partnership Program for the project.

The Genesis Solar Energy Project is a concentrating solar power (CSP) project that includes two, 125-MW power block facilities that will incorporate parabolic trough solar thermal technology. Over 500,000 parabolic mirrors will be assembled in rows located on about 1,800 acres in the Sonoran Desert. Power will be generated from steam turbine generators receiving steam from solar steam generators that use a heat-transfer fluid exposed to the sun in arrays of parabolic mirrors.
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