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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

Prague Names Bidders for Energy Sector Auctions

LCG, Oct. 9, 2001--The government of the Czech Republic has drawn up a shortlist of bidders expected to participate in the auction of majority stakes in the upcoming privatization of its electricity and natural gas industries.

Companies set to bid for Czech electric companies are Electricit de France, Electrabel of Belgium, a joint venture between Enel of Italy and Iberdrola of Spain, and another joint venture between NRG Energy Inc. of the U.S. and International Power of the UK.

The Czech-list, if you will, for the natural gas companies includes Duke Energy Corp. of the U.S., Germany's Eon, the Italian Edison Gas, Gas Invest of the Czech Republic, a joint venture between RWE Gas and Wintershall of Germany, and a consortium consisting of Italy's Snam, Ruhrgas of Germany and Electricit de France.

The privatizations are aimed at improving the Czech energy sector's competitive position in the increasingly liberalized European Union market and proceeds from the sales are seen as needed to shore up the Czech national balance sheet.

The government hopes to raise between 200 billion and 250 billion korunas ($5.4 billion to $6.8 billion U.S.) through the sale of two-thirds CEZ alone. CEZ operates the Czech national transmission grid and generates most of the country's electric power.

Among CEZ's assets is the controversial Temelin nuclear power plant, but British Energy has expressed interest in acquiring Temelin separately from other CEZ properties.

In the natural gas sector, the successful bidder for Czech Transgas will control a vital link in the pipeline connecting Russia's Gazprom with its markets in Western Europe.

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