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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

Serbia Deepens Power Cuts, May Raise Prices

LCG, Dec. 26, 2000-- Serbian Energy Minister Srboljub Antic said yesterday that electric power rationing, under which about half of the country's electric customers have gone without power for at least four hours a day, would be tripled, affecting more people for longer periods.

Yesterday, the Serbian power company Elektroprivreda Srbije (EPS) extended the power cuts to about three quarters of its customers and stretched the periods of the outages to eight hours.

December 25 isn't Christmas in Serbia, which celebrates the Orthodox feast on January 7.

The austerity is in response to complaints from Serbia's neighbors, with whom it is interconnected in the transmission grid of the former Yugoslavia. Serbia has been using those connections to import unauthorized amounts of power from other Balkan countries, Antic said.

"As of today we must stop unauthorized borrowing of electricity from our neighbors to cover our needs and resolve our own problems," he told a news conference yesterday.

Serbian officials say the power shortage is the result of several factors, some natural some man-made. A summer drought and a winter that so far has provided little rainfall have lowered the water levels of the Danube and Sava Rivers, which has severely reduced hydroelectric production. In addition, the power infrastructure was neglected during the administration of ousted President Slobodan Milosevic, who diverted cash to military or personal use.

The power cutbacks could go even deeper than Antic predicts. EPS assistant general manager Dragan Batalo said things had got so bad that institutions such as hospitals might no longer be exempted from the cuts. "It can even happen that consumers remain without power for an unplanned and unlimited time," he said.

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