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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

Keypan Asks Okay to Add 250 Megawatts at NYC Plant

LCG, Aug. 2, 2000--Keyspan Corp. said yesterday it has asked the New York State Public Service Commission for authority to expand by 250 megawatts the generating capacity of its Ravenswood power plant in Long Island City, a community in the New York City borough of Queens.

The company claims that when the expansion is complete, the gas-fired plant will be the cleanest and most efficient generating station in New York City. Its already the largest, and its 2,168 megawatts capacity accounts for 28 percent of the electric generation located in the city.

In a prepared statement, Robert B. Catell, chief executive of Keyspan, said "New York City has a critical need for electric power. An expanded Ravenswood power plant would help ensure that the city has adequate capacity to meet the ever-increasing demand for electricity. Additional sources of power are necessary to sustain and expand economic growth in New York City and the metropolitan area. A Ravenswood expansion can achieve this in an environmentally sensitive manner."

According to Keyspan, this year New York City is 300 megawatts short of meeting its reliability requirement for in-city electric-generation capacity, and the City's demand for electricity continues to grow at the rate of approximately 150 megawatts per year.

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