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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

Government Panel Approves New Nuclear Plant

LCG, Aug. 21, 2000--The Japanese Electric power Development Coordination Council today endorsed a plan by Chugoku Electric Power Co. to build a new 1,370 megawatt nuclear reactor at its plant in the town of Kashima, located on the Sea of Japan in Shimane Prefecture, near Hiroshima at the southern end of the main Japanese island of Honshu.

Development of the project would be the first endorsement of nuclear power in Japan since the accident last September at a uranium processing plant in Tokaimura.

The Chugoku project would take seven years to complete, with construction beginning in 2003. Residents of the area have objected to expansion of the Kashima plant and may lodge protests against the project.

The EPDCC, an advisory panel to the prime minister, said it endorse the new nuclear reactor because Japan will need to expand its electric generation by almost 52,780 megawatts by the year 2009 because electric consumption is increasing at a rate of 1.8 percent per year.

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