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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

EdF Eyes Britain's Largest Transmission Net

LCG, Nov. 5, 2001--Electricit de France is considering the purchase of East Anglian Electricity, Britain's biggest regional power distribution network, in a deal that could bring its owner, TXU Corp. of the U.S., between 1.3 billion ($1.9 billion U.S.) and 1.5 billion ($2.2 billion), the Financial Times reported Saturday.

TXU has said it wants to concentrate on its UK electricity retailing interests as well as investing to expand in continental Europe.

The paper noted that EdF already owns jointly with TXU a company that manages the local transmission networks of eastern England and neighboring London Electricity, which it bought for 1.9 billion ($2.78 billion) in 1998.

"EdF, which sells power and gas to (3 million) UK electricity customers, mostly in London and south west England, is a natural candidate to buy the (55,300-mile) long network," the Financial Times said.

EdF's expansion outside of France has been roundly criticized by British, Spanish and German authorities who complain that the French government-run company has been dragging its feet on opening its own territory to foreign investment.

In addition to London Electricity, EdF owns Sweb (South West Electricity Board), which it bought in 1999, and two large English power stations at Sutton Bridge in Lincolnshire and Cottam, Nottinghamshire, which it acquired last year for about 800 million ($1.15 billion).

Any move by EdF to acquire East Anglian would come under investigation by the European Commission, which is currently investigating moves by Spanish and Italian authorities restricting foreign state-owned companies from buying into domestic energy companies.

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