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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

NTE Energy Moves Towards Construction of 475-MW Combined Cycle Plant in North Carolina

LCG, March 17, 2016--Gemma Power Systems, LLC (GPS) announced Monday that it has received full Notice to Proceed (NTP) to begin activities under an Engineering, Procurement and Construction (EPC) services contract with NTE Carolinas LLC, an affiliate of NTE Energy, to construct a 475-MW natural gas-fired power plant in Kings Mountain, North Carolina. The plant is scheduled to be commercially online in the latter half of 2018.

The Kings Mountain Energy Center will be a combined cycle electric generating facility comprised of a Mitsubishi Hitachi Power Systems Americas (MHPSA) M501GAC combustion turbine generator, a Vogt Power International supplementary-fired heat recovery steam generator (HRSG) and a Toshiba America Energy Systems steam turbine generator.

Last October NTE awarded to GPS a sister project, the Middletown Energy Center in Ohio, that will employ the same MHPSA M501GAC turbine. The Middletown project is scheduled for completion early in the second quarter of 2018.

The M501GAC turbines are manufactured at MHPSA's Savannah Machinery Works in Georgia. The manufacturing facility started operations in 2010 and shipped its first gas turbine in October, 2012.

It was also recently announced that NTE closed on $387 million in credit and $218 million in equity commitments to build and operate the Kings Mountain Energy Facility.

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