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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

Calpine Gets Okay for 135 Megawatts Near San Jose

LCG, May 23, 2001Calpine Corp. yesterday received California approval for a new 135 megawatt peaking power plant the company intends to build just south of San Jose. The three-unit, gas-fueled facility will begin operation by next summer, the company said.

Following completion of the plant, to be located in the garlic capital of Gilroy, Calpine will add three more combustion turbines on the site, doubling the plants capacity to 270 megawatts. Calpine already owns a 131 megawatt cogeneration plant at Gilroy Foods.

For Gilroy, and neighboring Morgan Hill, the new plant will provide a customer for about a million gallons a day of treated wastewater from the communities' jointly-owned South County Wastewater Authority reclamation facility.

To Jay Baksa, city administrator of Gilroy, getting paid for the wastewater offers benefits of "enormous potential." Without the sale, the Authority would have to acquire land and build percolating ponds for the water. What they will get is income instead of expense.

Calpine, which typically makes "community benefit" investments in cities where it locates power plants, is in discussions with Gilroy officials about what the company can do to help out.

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