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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

Arizona Solar Project Delivers 250 MW to the Grid

LCG, September 19, 2012--First Solar, Inc. recently announced that the Agua Caliente solar project reached a peak electric generating capacity of 250 MW (AC) connected to the grid. The Arizona project is claimed to be the largest operating solar photovoltaic (PV) power plant in the world. The total project electric generating capacity will be 290 MW when it is completed in 2014.

First Solar designed and is constructing the project using its advanced thin-film PV modules and will operate and maintain the facility for owners NRG Energy and MidAmerican Solar. The power output will be delivered to Pacific Gas and Electric Company (PG&E) through a 25-year power purchase agreement (PPA).

Project construction began in the fall of 2010 and solar module installation began in June of 2011. Commercial operation commenced in January 2012, when it began generating 30 MW to the grid. The phased project reached 100 MW of output this spring and 200 MW this summer.

The Agua Caliente project is being financed with support from a loan guarantee from the U.S. Department of Energy's Loan Programs Office.
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