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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

CP&L Offers 135 Megawatts for Sale

LCG, Aug. 28, 2000--Carolina Power & Light Co. has hung a "For Sale" sign on two blocks of power totaling 135 megawatts, the utilitys parent holding company CP&l;L Energy said Friday.

CP&L (the utility) has issued a request for proposals asking prospective purchasers to bid on blocks of 85 megawatts of capacity from CP&L system resources and 50 megawatts from Florida Power Corp. system resources, for delivery beginning in April 2001 and for periods up to six years.

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By the time any deals are signed, CP&L Energy expects to have completed its pending acquisition of Florida Progress Corp., the holding company for Florida Power.

The capacity sales are one of the steps that CP&L and Florida Power are taking to ensure that CP&L Energy's acquisition of Florida Progress does not adversely affect wholesale power markets and were endorsed by the Federal Energy Regulatory Commission in its July 12 order approving the acquisition.

CP&L said it will hold a bidders meeting on the request for proposals in September. The company expects to receive responses in November for delivery beginning in April.

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