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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Calpine Plans 850 Megawatt Energy Center for Ohio

LCG, Oct. 24, 2000--Calpine Corp. said yesterday that it has entered into a projectdevelopment agreement to build, own and operate an 850 megawatt natural gas-fired electricitygenerating facility to be located on the Ohio River in Hamilton Township, Ohio.

The proposed Lawrence Energy Center would cost about $510 million and begin commercial operation in 2004. Preliminary development efforts had been started by a Boston-based company which agreed to work with Calpine as the project moves forward.

Bob Alff, a Calpine senior vice president, said "The Lawrence Energy Center reinforces Calpine'spresence in the East Central Area Reliability Council power market and offers the ability to movepower into to a variety of adjacent NERC regions as well."

He added, "The site offers excellent access to high-capacity electric transmission interconnections and a variety of options for natural gas transportation, which will help us optimize both power sales opportunities and cost-effective fuel procurement."

The new facility will use three natural gas-fire combustion turbines in combined cycle with a single steam turbine to produce 850 megawatts of baseload power and will be capable of cranking out 1,000 megawatts during periods of peak demand.

Calpine said it will manage all aspects of project development for the Lawrence Energy Center, including engineering and design, construction, fuel supply, operations and power marketing. The project will interconnect with American Electric Power Co. through AEP's Hanging Rock substation.

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