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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

Florida PSC Approves FPL's Port Everglades Project

LCG, March 29, 2012--The Florida Public Service Commission (PSC) Tuesday approved Florida Power & Light Company's (FPL) request to modernize its Port Everglades Next Generation Energy Center in Broward County. PSC Chairman Ronald A. Bris' stated, "Making sure Florida's energy supply is dependable and cost effective protects consumers now and in the future. This modernization will produce more efficient, cleaner energy, and the plant's port location will maintain system reliability since backup fuel, if needed, can be delivered via water."

FPL plans to install a 1,277-MW, combined cycle electric generating station that will be fueled by natural gas at its existing site. As part of the project, four existing 1960s-era oil and natural gas fueled steam electric generating units will be dismantled. The new facility is scheduled to commence construction in 2014, with operations expected to begin in June 2016.

The $1.2 billion Port Everglades project is projected to save FPL customers $469 million relative to continued use of the old, existing units. Leveraging the existing site infrastructure and transmission lines makes the project quite cost effective.

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