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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

Con Edison Faces State Challenge over Electric Rates

LCG, Aug. 24, 2000--New York State Attorney General Eliot Spitzer said in a brief statement this morning that he has filed an action against Consolidated Edison Inc. challenging the rates charged by its utility subsidiary for electricity this summer.

Alleging that Consolidated Edison Co. of New Yorks electricity prices this summer are about 30 percent higher than they were last summer, Spitzer said he wants to force the utility to roll back prices to last years level.

Con Edison has admitted that some $22 million of the extra money it has collected has been spent on replacement power for that lost by the shutdown in February of its Indian Point 2 nuclear power plant. Last week, the utility filed suit in the U.S. District Court for the Northern District of New York seeking an injunction against enforcement of a law that would prevent recovery from ratepayers of the $22 million.

Spitzers statement did not disclose the nature of his "action" or the venue in which it was filed. Those and other details will be provided at a news conference in his New York City office, the statement said.

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