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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

Newsmakers

David A. Arledge, who joined the board of directors of El Paso Energy Corp. following the company's merger with The Coastal Corp. earlier this year, has announced his retirement, saying "Now is the time for me to move on." He had been chairman, president and chief executive of Coastal.

Ronald F. Green has been named president of FPL Energy, LLC, the independent power production subsidiary of FPL Group Inc.. He will assume the position in early December and will succeed Lew Hay, who is now president and chief executive of the parent company. Green joins FPL from Duke Energy Corp., where he most recently served as president and chief executive of Duke Engineering and Services Inc. and president and chief operating officer of Duke Solutions Inc.

John R. McArthur, senior adviser on policy and legal affairs to North Carolina Gov. Mike Easley, has been named vice president for public affairs by Progress Energy Inc., effective December 3.

James W. Nellen II has been named general counsel of W.E. Power, the Wisconsin Energy Corp. subsidiary created to design, permit, build and own the proposed in-state power plants the company has said it plans to build. Nellen most recently was a partner in the law firm of Michael Best & Friedrich, said to be one of the oldest and largest firms in the Midwest.

Leslie Sibert has been named vice president for transmission by Georgia Power Co., replacing Ronnie Bates, who was recently named senior vice president for marketing. Most recently, Sibert was one of four regional marketing managers.

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