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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

Panda Power Funds Announces JV for New 1,000-MW Combined-Cycle Facility in Pennsylvania

LCG, February 19, 2015-Panda Power Funds announced Tuesday that it has entered into a joint venture with Sunbury Generation LP to develop, finance, build and operate a 1,000 MW natural gas-fueled, combined-cycle power project in central Pennsylvania. The project is expected to supply load centers, including Philadelphia and New York City. The new facility is expected to commence commercial operations in the second half of 2017.

The gas-fired project will be constructed on the site of the recently retired Sunbury Steam Plant, located near Shamokin Dam in Snyder County, Pennsylvania. In 2011 a plan was announced to convert the Sunbury Steam Plant from coal to gas as an alternative to the modifying the plant to comply with EPA regulations, but that plan was not implemented.

The new joint venture calls for installing the Panda Hummel Station, which will occupy an 18-acre parcel of the 192-acre Keystone Opportunity Expansion Zone at the site of Sunbury coal-fired power plant. The project site provides access to Marcellus Shale gas through the Marc I, Regency and Transcontinental regional gas pipelines. The new plant will interconnect to the pipelines through a planned 35-mile lateral extension.

Panda Power Funds has two other Marcellus gas-fueled generating stations currently under construction in Pennsylvania. The Liberty Power Project is expected to enter commercial operations in the first quarter of 2016, and the Patriot Power Project is scheduled to enter commercial operations in the second quarter of 2016. Both projects will have an electric generating capacity of 829 MW, use Siemens H-class gas turbines and incorporate air cooling, rather than water. Combined with the Hummel Station, the three new facilities will provide nearly 2,660 MW of new generating capacity in Pennsylvania.
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