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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

AES May Build 300 Megawatt South San Francisco Plant

LCG, May 22, 2001AES Corp. said yesterday that a subsidiary is in discussions with officials of the city of South San Francisco about the possibility of building a 300 megawatt power plant in the community on San Francisco's southern border.

Today, officials of AES Pacific were to join in a public meeting with officials and business leaders of the city and representatives of the California Energy Commission to test the waters for the power plant.

Despite a desperate shortage of electric supply in comparison to burgeoning demand in California, there has been fierce local opposition to construction of new power plants. The Wall Street Journal once said the problem in the Golden State is worse than "NIMBY," or "not in my back yard."

It's "BANANA," the Wall Street said "build absolutely nothing anywhere near anybody."

There are hopes that South City, which bills itself as "the industrial city," will be immune from that sort of obstructionism.

Kevin DeGeorge, project manager for AES Pacific, said the company was thinking in terms of a peaking facility, fueled by natural gas, but added "Everything at this stage is very preliminary. We want to hear what the public has to say."
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