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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

Ontario Power Generation Plans to Convert Coal Plant to Biomass

LCG, July 25, 2012--Ontario Power Generation (OPG) recently announced plans to proceed with converting the 211-MW Atikokan Generating Station from coal to renewable biomass fuel. The $170-million conversion project is scheduled to be complete in 2014.

The Ontario provincial government, as part of its clean energy plan, committed to stop burning coal in electric generating stations by the end of 2014 in order to reduce emissions, including greenhouse gas (GHG) emissions.

The Atikokan Generating Station, located in northwestern Ontario, will be one of the largest biomass plants in North America. The renewable energy facility will consume wood pellets made from sawmill residues and other low-value biomass from Ontario's forests. The fuel conversion project will include a new fuel storage and handling system, plus modifications to the combustion system, as the unit will consume only biomass. The unit previously burned low-sulphur lignite coal.

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