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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

Newsmakers

Bruce R. Albertson, president and chief executive officer of Zip drive maker Iomega Corp., has been named to the board of directors of MDU Resources Group Inc.

Judy M. Anderson has been named a senior vice president of Georgia Power Co. and president of the Georgia Power Foundation Inc. She was also elected president of the SouthernCompany Charitable Foundation Inc. Anderson most recently was Georgia Power's vice president and corporate secretary.

Gary Ely, president and chief executive of Avista Corp., has been elected to the additional post of chairman, succeeding Larry Stanley, who is retiring. Ely is a 34-year veteran of the company and its predecessor, Washington Water Power Co.

Peter Kelley, president and chief operating officer of Southern Union Co., has resigned for health reasons and been replaced by Thomas Karam, who currently heads PG Energy, Southern Union's Pennsylvania division.

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