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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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Origis Energy Announces Agreement with Meta for Greyhound A Solar Project in West Texas

LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.

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Industry News

No Bias Found in Yucca Mountain Nuke Review

LCG, April 26, 2001Charges of "bias" levied against an evaluation of the Yucca Mountain, Nev., nuclear waste repository by Sen. Harry Reid, a Nevada Democrat, have no basis, the Department of Energy's Office of the Inspector General said.

"This report has raised the issue of potential bias in the study of the suitability of Yucca Mountain and has put the DOE and their contractors on notice that we are watching very, very carefully," said Reid.

The 14-page report from DOE Inspector General Gregory Freeman said "We could not substantiate the concern that bias compromised the integrity of the site evaluation process, or that the (DOE) or its contractors considered a formal or informal strategy for supporting the site characterization recommendation in violation of the law."

Reid contended that the report "acknowledged that the overview contained statements which were biased in favor of the proposed repository," a point Freeman's report conceded.

The statements were part of a working draft of the Site Recommendation Consideration Report that was never intended for release. The statements "could be viewed as suggesting a premature conclusion regarding the suitability of Yucca Mountain," the Inspector General noted.

Energy Secretary Spencer Abraham said the DOE objected to those statements during its own review of the documents and those statements were removed from subsequent drafts. "We will all remain vigilant in ensuring that we perform our work without any preconceived opinions or bias," Abraham wrote. "We must ensure that our work does not even raise the perception of possible bias."

Reid, and other members of the Nevada congressional delegation, have been resolute in their opposition to the use of Yucca Mountain, or anyplace else in their state, as a permanent repository for spent fuel from the nation's nuclear power plants.

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