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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

Montana Power Sells Oil and Gas Unit

LCG, Aug. 29, 2000--Montana Power Co. said yesterday it has sold its nonregulated natural gas and oil business unit to PanCanadian Petroleum Ltd. of Calgary for $475 million (U.S.). Proceeds from the sale will be invested in Montana Powers telecommunications subsidiary.

The sale includes subsidiaries that have interests in crude oil, natural gas and gas liquids exploration, production and marketing in the United States and Canada.

Robert P. Gannon, chairman and chief executive, noted that "Montana Power has had a Canadian presence for nearly a half century."

The U.S. businesses have are mostly in northern Montana and in the Denver-Julesburg Basin north of Denver and include minor properties in the Anadarko Basin, Oklahoma, and Green River Basin, Wyo. Modern fractionation plants are at Cut Bank, Mont. and Ft. Lupton, Colo. The Canadian properties reside mostly in southern and central Alberta and in southern Saskatchewan.

David Tuer, PanCanadian's president and chief executive, said "The potential in these assetsis significant, and over the next few years, we will add substantially to PanCanadian's daily natural gas production."

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