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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

Abengoa Moves Forward with Large-Scale Solar CSP

LCG, December 19, 2012--Abengoa announced last Friday the inauguration of the 100-MW, Castilla-La Mancha Solar Complex in Spain. The project employs a concentrating solar power (CSP) design.

The Castilla-La Mancha Solar Complex is comprised of two, 50-MW parabolic trough plants. The trough collectors track the movement of the sun across the sky and focus solar energy onto a tube circulating a synthetic heat transfer oil. The oil is heated to approximately 400 degrees C (752 F) and used to generate superheated, high pressure steam that is delivered to a steam turbine to drive an electrical generator, which creates electricity.

In the summer of 2013, Abengoa is also scheduled to commence operations of a larger solar CSP project in Arizona, about 70 miles southwest of Phoenix. The Solana project is designed with a generating capacity of 280 MW. The design also provides for six hours of molten salt thermal energy storage to allow energy to be dispatched as needed, even given cloudy periods and after sunset, when customer summer peak demands for air conditioning can occur. Construction began two years ago, and the project is now over 80 percent complete.
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