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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Corps of Engineers Okays 1,080 Megawatt N.Y. Plant

LCG, May 29, 2001--The U.S. Army Corps of Engineers New York District said Friday that it has granted a federal permit on an application by Athens Generating Company LP to build a 1,080 megawatt natural gas-fueled power plant in the town of Athens, N.Y.

Pete Shugert, a spokesman for the Corps of Engineers, said "The construction of this project fulfills a pressing need for electric generation capacity in New York, significantly augmenting the state's power supply and its ability to avoid potential power shortages."

The plant will be built on a site about two miles from the Hudson River, about 27 miles downstream from Albany, but will have an intake-outfall facility on the west bank of the river. A little less than an acre of wetlands will be permanently lost to the facility.

The Corps of Engineers said it worked with 21 groups seeking to preserve the scenic, cultural, historic and environmentally sensitive characteristics of the plant and river sites and the project was modified to avoid or minimize impacts.

"The Corps has gone to great lengths to ensure that the impacts from this plant will be minimal, imposing extensive permit conditions that will reduce impacts to environmental resources and historic properties," Shugert said.

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