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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

British Energy Sells Retail Electric Supply Business

LCG, Aug. 7, 2000--British Energy Plc, the largest United Kingdom nuclear power generator, has sold its residential electricity and gas supply business to Scottish and Southern Energy, the Financial Times of London reported this morning.

The 210 million ($316 million U.S.) cash sale of Swalec will allow British Energy to focus on wholesale contract sales and direct sales to industrial and commercial customers ahead of the introduction of new electricity trading arrangements in November, the paper said.

Scottish and Southern has also signed a 10-year power purchase agreement to buy 10 terawatt hours of electricity a year from British Energy for the first five years, falling to 7.5TWh a year thereafter.

Peter Hollins, British Energys chief executive, said the new power trading scheme had made residential marketing unattractive to his company. "Through the deal announced today, we have sold our retail business to a good home and have secured a long-term take-off contract for around 20 per cent of our output in England and Wales," he said.

Swalec has 850,000 electricity and 300,000 natural gas customers. The deal will push Scottish and Southerns total customer numbers to the critical 5 million level thought to be needed to compete in the UK supply market, the Financial Times said.

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