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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

New Steam Generators Delivered to FirstEnergy's Davis-Besse Nuclear Power Station

LCG, October 23, 2012--FirstEnergy Nuclear Operating Company (FENOC), a subsidiary of FirstEnergy Corp., announced Monday that it has received the two new steam generators for the Davis-Besse Nuclear Power Station in Oak Harbor, Ohio. The steam generators were shipped across Lake Erie to the Port of Toledo last week and transported by train to the station over the weekend.

The new steam generators will be installed during Davis-Besse's regularly scheduled refueling outage in the spring of 2014. The steam generators function as heat exchangers and produce the superheated steam to drive the turbine generator.

The site vice president of Davis-Besse Nuclear Power Station stated, "Installation of new steam generators supports the continued safe and reliable operations at Davis-Besse. The new steam generators will help ensure that Davis-Besse remains an integral part of northwest Ohio's economy, and a clean energy source, now and in the future."

Fabrication of the new steam generators began in 2009 by The Babcock and Wilcox Company at its facility in Cambridge, Ontario, Canada. Each steam generator measures 74 feet in length, 12 feet in diameter and weighs 470 tons.

The single reactor, Davis-Besse Nuclear Power Station is Ohio's first nuclear power plant. The 900-MW facility began generating power in 1977, and its current operating license expires in 2017. FirstEnergy is in the license renewal application process with the Nuclear Regulatory Commission (NRC). Once approved, Davis-Besse will be licensed to operate through 2037.
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