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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

St. Joe Restores Service from Fire-Damaged Unit

LCG, Aug. 11, 2000--St. Joseph Light & Power Co. said yesterday that it had restored to service the 97 megawatt unit at its Lake Road plant that was damaged by fire on June 7. The unit provides more than a quarter of St. Joes system requirements.

"Repairs and startup tests have been completed and the unit is producing electricity," Dwight Svuba, vice president for energy supply, said. "This is about three weeks ahead of our original estimate that the unit would be returned to service in early September."

The company said that total cost of the fire, after insurance coverage, would be about $4 million. During the shutdown, St. Joe had to buy replacement power that turned out to be a lot more expensive than that produced at Lake Road.

Getting the unit back in service three weeks ahead of schedule, coupled with mild temperatures, will save the company about $3.1 million.

St. Joe said it will seek recovery of these costs as part of its next electric general rate case. If theproposed merger with UtiliCorp United Inc. is approved, however, some portion of these costs maybe expensed.

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