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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

Iberdrola Renewables Opens Copper Crossing Solar Ranch in Arizona

LCG, November 10, 2011--Iberdrola Renewables and its partners on Tuesday officially opened the Copper Crossing Solar Ranch, a 20-MW solar photovoltaic (PV) project that began delivering power to the grid in August. Construction began in late 2010.

Salt River Project (SRP) will purchase the entire output of the project under a 25-year power purchase agreement (PPA). The renewable energy purchased from the facility will help satisfy SRP's Sustainable Portfolio goal to serve 20 percent of its retail electricity requirements through sustainable resources by 2020. The goal was set by the SRP Board.

The Copper Crossing Solar Ranch is located in Arizona on a 144-acre site, approximately 65 miles southeast of Phoenix, that is now owned by SRP. The project was designed and built by SunPower. The facility employs over 66,000 SunPower (320W and 425W) panels and uses single axis, T0 trackers to follow the sun and increase power generation.
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