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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

Minnesota Power in Long-term Coal Delivery Contract

LCG, May 30, 2001--Minnesota Power Co. said yesterday it had reached agreement with the Burlington Northern and Santa Fe Railway Co. for transportation of coal to two of the utility's power plants, the Boswell Energy Center near Grand Rapids and to the Laskin Energy Center near Hoyt Lakes.

The company said the agreement makes it unnecessary for it to pursue construction of an alternative railroad line to serve the Boswell Energy Center.

Don Shippar, chief operating officer of Minnesota power, noted that fuel costs represent the major portion of the electricity purchased by the utility's customers. "Over the next several years, this new agreement will provide ongoing stability in our fuel delivery costs. In addition, this contract will keep our generating plants competitive in the wholesale energy market," he said.

Under terms of the agreement, the railroad will ship all of the utility's coal needs for the two plants more than four million tons a year through 2011. Minnesota Power said it uses low-sulfur, sub-bituminous coal exclusively from the Powder River Basin in Montana and Wyoming.

Of course, that was when the Burlington was the Burlington and the Santa Fe was the Atchison, Topeka and Santa Fe.

"Do you hear that whistle down the line? I reckon that it's engine number forty-nine. She's the only one that sounds that way, on the Atchison, Topeka and the Santa Fe."

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