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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

6 Midwest Utilities Form Transmission Company

LCG, Oct. 1, 2001--Six Midwestern electric utility companies asked federal regulators on Friday to let them integrate operations of their electric transmission systems into a single, efficient system through the formation of Trans-Link Transmission Co.

The application to create the for-profit, transmission-only company, was filed with the Federal Energy Regulatory Commission by Alliant Energy Corp's Iowa-based subsidiaries IES Utilities Inc. and Interstate Power Co., Corn Belt Power Cooperative of Iowa, Mid-American Energy Co. of Iowa; Nebraska Public Power District, Omaha (Neb.) Public Power District, and Xcel Energy Inc. of Minnesota.

The utilities said they will participate in Trans-Link through a combination of divestiture, leases and operating agreements.

"Combining and standardizing our transmission operations will allow more efficient electricity markets to develop, helping to prevent the price and reliability problems customers have experienced in other areas of the country," said Audrey Zibelman, transmission vice president with Xcel Energy and Trans-Link spokeswoman.

The participants said they have entered into a memorandum of understanding with the Midwest Independent Transmission Operator Inc. in which they agree that Trans-Link will contract with the ISO for certain functions and services required by FERC of regional transmission organizations.

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