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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

Newsmakers

Three Changes on KeySpan Board This Weekend
KeySpan Corp. said last Friday that three new members had been elected to its board of directors to replace Vincent Tese, who is resigning, and George Bugliarello and Basil A. Paterson, whoare retiring, effective December 31. The new directors are:

  • Andrea S. Christensen, a partner with the law firm of Kaye, Scholer, Fierman, Hays & Handler.

  • Vicki L. Fuller, a senior vice president of Alliance Capital Management Corp.

  • James L. Larocca, an adjunct professor at Long Island University and a former Energy Commissioner of New York State.

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