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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

550 Megawatt Power Plant Planned for Oklahoma

LCG, Nov. 16, 2001--Dallas-based Genova Power Co. said yesterday it is considering a 50-acre tract about two miles east of Chickasha, Okla., for a 550 megawatt power plant. Construction could begin as early next fall with commercial operations beginning in the summer of 2004.

Jeffrey W. Schroeter, Genova's general manager, said the economic impact of the facility would be felt immediately and would extend throughout its projected 30-year service life. He said building the plant will require an average of 250 workmen over a 22-month period. In addition to their salaries, the company would also spend upwards of $12 million locally on goods and services.

Once in operation, the plant would provide about 25 jobs for skilled personnel, with a payroll of around $1.6 million a year, and some $1.5 million a year in local purchases would also be made. In addition, the facility would pay some $4 million a year in sales, use and property taxes, Schroeter said.

Chickasha Mayor Jim Parker was looking beyond the direct financial contribution of the powerhouse.. "A facility like this could become the foundation of the infrastructure necessary to meet the power demands of today and tomorrow. It would certainly make Chickasha very attractive to companies looking at relocation possibilities," he said.

The baseload plant would employ two gas turbines, a heat recovery steam generator to harness their exhaust gases, and a steam generator, operating in combined-cycle. It would be connected to the regional grid through facilities owned by American Electric Power Co. Inc.

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