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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

Calpine Plans Power Plants in California, South Carolina

LCG, Nov. 2, 2001--Independent power producer Calpine Corp. said yesterday it plans to build more than 2,000 megawatts of new generating capacity, with two new plant, one in California and one in South Carolina.

The company said it has applied to the California Energy Commission for permission to build a 1,100 megawatt Central Valley Energy Center in San Joaquin, a town due west of Fresno.

Calpine said the combined-cycle, natural gas-fueled plant could be on-line by mid 2004, supplying much needed power to the San Joaquin Valley.

"After the greater San Francisco Bay Area, this is considered California's most electrically vulnerable region," said Curt Hildebrand, Calpine vice president for business development.

At the same time, the San Jose, Calif.-based power plant developer said it plans to build a new 905 megawatt power plant in South Carolina.

Also a combined-cycle, natural gas-fueled plant, the Palmetto Energy Center could begin commercial operations in early 2005, the company said.

Calpine said it is on track to expand its generating capacity to 70,000 megawatts by the end of 2005 from about 11,100 megawatts now.

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