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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

Newsmakers

A weekly summary of news about key people in the electricity and natural gas industries.

Glenn Etienne has been named senior director for legislative affairs by Dynegy Inc. He most recently was director of regulatory and governmental affairs for the merchant power company.

David S. Gee has joined PG&E Corp. as vice president for strategic planning. He moves to the utility holding company from McKinsey & Co. where he was a principal in the global energy practice and a member of the European petroleum, electric utility, and chemicals practice.

Edwin A. Guiles has been named group president of Sempra Energy Corp.s regulated business units and chairman of both San Diego Gas & Electric Co. and Southern California Gas Co., succeeding Warren Mitchell, who retired last month as group president and chairman of both utilities. Previously, Guiles served as president of SDG&E since 1998.

Walter M. Higgins has returned to Sierra Pacific Resources Corp. as chairman, president and chief executive officer and will make his offices in Las Vegas. Higgins occupied those positions with Sierra Pacific from 1994 to 1998, leaving to become chairman and chief executive officer of AGL Resources Inc. in Atlanta.

Lee W. Hogan, vice chairman of the Reliant Energy Inc., has resigned to pursue personal interests. He joined Houston Lighting & Power Co. in 1990 and became a director of parent holding company Houston Industries Inc. in 1995, before the name of the company was changed to Reliant Energy.

Steve Philley, vice president for energy supply with TXU Corp. operating subsidiary TXU Electric & Gas Co., has been appointed chief executive officer of TXU Australia, replacing Bob Shapard, who recently announced his resignation to take a position as executive vice president and chief financial officer with Ultramar Diamond Shamrock Corporation.

Paula Rosput, president of Atlanta Gas Light Co., has been elected president and chief executive officer of AGL Resources Inc., replacing Walter M. Higgins who resigned in order to return to Sierra Pacific Resources Corp.

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