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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

Entergy Joins Proposed Southeast RTO

LCG, Nov. 21, 2001--Entergy Corp. said yesterday that it has joined the proposed SeTrans Grid Co. regional transmission organization, a new RTO that would serve the Southeastern U.S. and is backed by The Southern Co., which provides power to nearly 4 million customers in Georgia, Florida, Alabama, and Mississippi.

While the Federal Energy Regulatory Commission has said it favors consolidation of the nation's grid operators into four regional RTOs, utilities in the Southeast are reluctant to go along. Southern has said that several small independent system operators would serve the region better.

Southern has also said that setting up one huge regional network to provide what FERC calls "seamless" transmission access and market operations to all participants would require expensive transmission system upgrades that would be passed on to customer's power bills.

Yesterday, Entergy said the SeTrans model "is the best platform to achieve the mutual goals of the various involved companies."

The companies filed a status report on the RTO plan with FERC yesterday, including the information that Entergy has joined SeTrans.

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