EnergyOnline
Services

RSS FEED

EnergyOnline.com rss

News

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.

Read more

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.

Read more

Industry News

175 Megawatts Planned for New Jersey Refinery

LCG, Aug. 10, 2000--Tosco Refining, LP said on Wednesday that it has entered into a contract with East Coast Power for a 170 megawatt combine-cycle cogeneration plant to provide electricity and steam to its Bayside Refinery in Linden, New Jersey.

East Coast Power is a joint venture between Enron North America and El Paso Energy Corp. It will provide $110 million of the investment in the plant, which will cost about $140 million. The balance will be provided by Tosco.

The new facility will be built at an East Coast Power facility that now provides steam to Tosco and 645 megawatts of power to Consolidated Edison Co. of New York. The new generation is expected to come on line at the end of next year when Tosco expects to require 125 megawatts of its output. The remaining 45 megawatts will be sold by Tosco in the wholesale market.

Tosco said it will save about $12 million per year off its current electricity costs and sale of surplus power will add "significantly" to its savings.

Dwight L. Wiggins, president of Tosco Refining, said "The turbine has been sized to take Bayway's growth plans into consideration, including the world-scale polypropylene plastics plant currently under construction, as well as projects we will build to manufacture the next generation of cleaner-burning transportation fuels."

Tosco Refining is a division of Tosco Corp., which currently has more than $20 billion in annual revenues. Tosco is the largest independent refiner and marketer of petroleum products and convenience store merchandise in the United States.

Copyright © 2026 LCG Consulting. All rights reserved. Terms and Copyright
UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
Uniform Storage Model
A Battery Simulation Model
UPLAN-ACE
Day Ahead and Real Time Market Simulation
UPLAN-G
The Gas Procurement and Competitive Analysis System
PLATO
Database of Plants, Loads, Assets, Transmission...
CAISO CRR Auctions
Monthly Price and Congestion Forecasting Service