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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

Burning Gas Not as Profitable as Selling It, Users Find

LCG, Dec. 12, 2000--The skyrocketing price of natural gas has put some companies in the position of having an inventory of gas that is more valuable than the merchandise the gas would be used to create.

Terra Industries Inc., an ammonia, urea and methanol manufacturing company, said it had shut down of one of the two sets of ammonia and upgrading plants at its Verdigris, Okla. facility.

Michael L. Bennett, chief operating officer of the company, said "The natural gas price increase since our December requirements were purchased for Verdigris permitted us to sell a portion of those purchases and generate higher gross profits than could be realized from selling the products manufactured with the natural gas."

Mississippi Chemical Corp. is betting natural gas prices come back down, so it sold all of its natural gas futures contracts in order to take advantage of the opportunity provided by the unprecedented high prices. The company said it made a pre-tax gain of $16 million on the sale.

"We remain committed to the nitrogen business and our customers, but we also have to takeadvantage of opportunities to optimize cash flow during these challenging times. It is our belief thatthe current unprecedented natural gas prices are unlikely to be sustained during the intermediateterm," Charles O. Dunn, Mississippi Chemical's chief executive, said.

Seneca Resources Corp. of New York, a subsidiary of National Fuel Gas Co., said it had temporarily suspended steaming operations in a California oilfield so it could sell the natural gas used to create the steam.

Steam is injected into oil wells to heat up the crude and improve its flow capabilities. By suspending the steaming operations, Seneca says it can sell the unused gas at a profit of about $31,500 per month.

Too bad electric power can't be stored.

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