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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

Japanese Approve New 2,740 Megawatt Nuclear Plant

LCG, May 16, 2001A panel of the Japanese Economy, Trade and Industry Ministry this morning approved plans to build a large, new nuclear power plant near Hiroshima in southern Japan.

Nuclear development in Japan, which gets about a third of its electricity from nuclear plants, has been at a standstill since an accident at a fuel processing plant in Tokaimura killed two workers in 1999.

Koichi Sakamoto, a spokesman for the ministry, said the approval by the electric power panel is expected to be officially endorsed by the ministry next month. He added that Chugoku Electric Power Co., which will operate the plant, had worked with local governments and had obtained the backing of residents in Yamaguchi prefecture.

Chugoku plans to build two 1,370 megawatt reactors at the site in Kaminoseki, the first to be completed in 2012 and the second in 2015.

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