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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

Construction Starts on California's Sunrise Power Plant

LCG, Dec. 12, 2000--The Edison Mission Energy unit of Edison International Inc. started construction yesterday on its Sunrise power plant in the badlands west of Bakersfield, Calif. The company learned last Thursday that the California Energy Commission had given it permission to proceed with a "temporary" first phase of the plant.

It had taken the state power plant licensing agency two years to decide that a power plant would be okay in the middle of the 74-square-mile Elk Hills Oil and Gas Field.

Edison Mission Energy said the new facility "will bring both short- and long-term generation capacity to the state, which is in dire need of new power generation."

The Energy Commission approval is good only for two years, during which Sunrise will operate as a simple-cycle peaking plant. When the license expires on Dec. 31, 2002, the plant will have to either shut down or get a new license to operate as a combined-cycle facility or a cogenerator. Edison plans to keep the plant operating.

The Sunrise Power Project will be completed in two phases. Phase 1 will consist of a 320 megawatt, simple-cycle peaking facility scheduled to be in service during the summer 2001. Phase 2 willconvert the peaking facility to a 560 megawatts, combined-cycle operation with an in-service date ofsummer 2003.

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