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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

British Energy Takes Over Ontario Nukes

LCG, May 14, 2001Ontario Power Generation said on Saturday that it had closed a transaction under which a joint venture between British Energy Plc, the big UK nuclear generator, and uranium supplier Cameco Corp. will become operator of OPG's Bruce nuclear power plants.

British Energy will initially own 85 Percent of the venture, to be called Bruce Power, but that will drop to 79.8 percent as two unions representing workers at the plants take up a combined 5.2 percent interest by 2003. Cameco will own the other 15 percent.

Under the deal, Bruce Power becomes the licensed operator of the four-unit, 3,140 megawatt Bruce B station and also of shuttered Bruce A, which also has four reactors. Two of the Bruce A units may be restarted, adding 1,500 megawatts.

All of the output from the Bruce plants will be sold into the Ontario wholesale power market, which is scheduled to open to competition in May of next year. Until then, the output will be sold to OPG under transitional arrangements.

The Bruce nuclear plants are located about 150 miles northwest of Toronto.

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