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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

Chinese Gas Field Holds 35 Trillion Cubic Feet

LCG, Nov. 26, 2001--Proven reserves of natural gas at Changqing Oil Field, China's largest natural gas basin, exceeds a whopping 35 trillion cubic feet, the official Chinese news agency Xinhua reported yesterday.

Changqing comprises a dozen fields in the Ordos Basin which covers Shaanxi, Gansu and Shanxi provinces along with Inner Mongolia and Ningxia Hui autonomous regions. It has a combined exploration area of 143,000 square miles and is the largest onshore gas field in China.

The field began to transport oil to Ningxia, Gansu and other provinces in northwest China after the first oil pipeline was laid in 1979. Later, two gas pipelines became operational to provide gas to 15 large cities including Beijing, Tianjin and Xian.

Though natural gas accounts for only 2.1 percent of China's energy use, it amounts to about a tenth of the world's average, the news agency said.

Xinhua said exploration for natural gas in the Ordos Basin has become a strategic move in China's ongoing energy structure adjustment. The region will become a stable gas supplier to north, northeast and central China, and the steady gas supply will help Beijing and other large cities to improve air pollution.

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