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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

Explosion Rips 495 Megawatt New York Power Plant

LCG, May 17, 2001An explosion in a coal fired unit of the 495 megawatt Lovett power plant in Rockland County, N.Y., at 11:45 a.m. yesterday injured one worker and took the entire generating facility off line, officials said.

The blast also caused Rockland County Health Department a few tense hours as the agency fretted over the possible release of asbestos. About 300 schoolchildren who live in the area were not allowed to return home after school until tests showed they wouldn't breathe the suspected carcinogen en route.

A spokesman for the plant's owner, Mirant Corp., said the cause of the explosion was under investigation. The 200 megawatt unit 5, in which the blast occurred, was not running at the time, but other units were producing about 140 megawatts. All were units were shut down as a precaution.

"We don't know yet when any of the units will be able to restart," a company spokesman said. But Lou Friscoe, Mirant's director of environmental and external affairs, said the damage was isolated to the Unit 5 boiler and other units would be able to make up for the loss.

Rob Doherty, a Mirant worker, was near the unit when it exploded. "We were standing on the roof across from it and it just shook," Mr. Doherty said. "It was terrifying. Fly ash went up the side of the mountain."

The injured worker, who suffered second-degree burns on his face and arms, was in stable condition at Westchester Medical Center.

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