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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

Dresden Unit 2 Gets Four More Years from NRC

LCG, Aug. 30, 2000The Nuclear Regulatory Commission has extended the operating license for the Dresden Unit 2 nuclear power plant by four years, compensating for a like period of time when the plant was already licensed but still being built.

The facility, owned by Commonwealth Edison Co., received its 40-year license from the NRC on Jan. 10, 1966, but did not begin operations until June 9, 1970. The agency, in effect, returned to ComEd the four unused years of its license to operate the plant.

The NRC issued the amendment following a review, which concluded that Dresden Unit 2 could be operated safely through the construction recapture period.

"This is the right thing for us to do at Dresden and it will allow us to recognize the full value of thestation," said Oliver D. Kingsley Jr., president of ComEd's Nuclear Generation Group and the utility's chief nuclear officer.

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