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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

Court Lifts Stay Blocking BG&E Rate Cut

LCG, Aug. 7, 2000--The Circuit Court of Baltimore City on Friday lifted the stay blocking a residential rate cut of 6.5 percent and the introduction of customer choice for electricity customers of Baltimore Gas & Electric Co.

The stay had been granted July 21 on the petition of the Mid-Atlantic Power Supply Association, a New Jersey-based organization claiming to represent out-of-state electric service suppliers seeking to do business in Maryland.

Christian H. Poindexter, chief executive of BG&E parent holding company Constellation Energy Group, said "Central Maryland consumers can now begin to enjoy the benefits of a deregulated electric market. In the interest of fairness to each of our 1 million residential customers, BG&Ewill provide retroactive savings from July 1, when customer choice began for virtually the rest ofMaryland."

BG&E President Frank O. Heintz noted that 19 electric service suppliers have been licensed by the Maryland Public Service Commission to compete for BG&Es customers and another 15 have applications pending. Apparently none of those 34 marketers are members of Mapsa.

Mapsa has now been turned down by five courts out of five in its effort to block BG&Es restructuring transition plan, but Judge Albert J. Matricciani Jr., who lifted the stay on Friday, said he would listen later this month to the organizations objections to the PSCs November 1999 settlement order for BG&E.

Poindexter didnt sound worried. "The PSC order, which will now be reviewed by the court, is sound and well reasoned. We are optimistic that the order will ultimately be affirmed," he said.

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