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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

Southern Energy, Cleco to Build Louisiana Plant

LCG, Aug. 1, 2000--Southern Energy Inc., a unit of The Southern Co., said yesterday it and Louisiana's Cleco Corp. have agreed to jointly develop a 700 megawatt natural gas-fired power plant near Monroe, La. The project would be developed and owned on a 50-50 basis by a joint venture of subsidiaries of the two companies.

In the first phase of the project, the companies would install a single 150 megawatt natural gas-fueled turbine at a site about 12 miles north of Monroe. The turbine, to be used as a peaking unit, is expected to be available for operation by summer 2001.

The peaker would be followed by a 550 megawatt combined-cycle unit that would enter commercial operation as a baseload plant in the summer of 2002. This unit would consist of two natural gas-fueled turbines generating electricity and feeding waste heat to a steam turbine that also would generate electricity.

The companies said plans include the possibility of expanding the plant by converting the original peaking unit to a combined-cycle unit as early as 2004.

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