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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

Enron Sending U.S. Families Out of India

LCG, May 9, 2001U.S. energy firm Enron Corp. is sending families of American employees at its Dabhol Power Co. project in India's Maharashtra state out of India, the Times of India said this morning.

Children of Dabhol's U.S. workers have been pulled out of the American School in Bombay and, with other dependents, were being relocated to Singapore. Security around the Americans has also been tightened and bodyguards assigned to senior executives, the paper said.

The moves could be an indication that Enron was getting ready to pull out of the nearly finished $2.9 billion Dabhol project. The newspaper said the precautions involving American citizens were taken because "there is likely to be a tremendous backlash against representatives of the U.S.-based energy company" if it terminates the project.

The Times of India said something on the order of 15,000 jobs would be lost in Maharashtra if Enron pulls out.

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