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News
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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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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
Cal Power Authority may be Losing
LCG, Nov. 28, 2001--The California Power Authority, created earlier this year to build, own and operate new power plants as insurance against electricity outages, now says it probably won't need those power plants.The new agency, headed by S. David Freeman, has halted negotiations to build by next summer 31 proposed projects with a combined capacity of 3,200 megawatts."It's looking less and less likely that these projects will be needed by next summer," said Amber Pasricha, a power authority spokeswoman.On November 20, the California Energy Commission issued its 2002 Monthly Electricity Forecast which predicted that the state next summer will have a supply surplus of approximately 340 megawatts including new generation of 4,000 megawatts expected on line by July 2002.A forced outage at any baseload power plant could plunge the state into another electricity deficit, resulting in rolling blackouts. A surplus of 340 megawatts in the control area of the California Independent System Operator represents a "cushion" of less than 1 percent, while most power professionals consider a reserve of 15 percent to be prudent.Much of the state's power supply for next year and for up to 20 more years is in the form of long-term contracts negotiated by the California Department of Water Resources at an average cost of $69 per megawatt-hour -- more than twice today's going price.Consumer advocates and state regulators want to see those contracts renegotiated, but the power producers are loath to accommodate them.Now, Freeman sees a way to put the $5 billion funding for his agency to good use, if it isn't going to build power plants. He said the power authority could use its money to provide low-cost financing to companies already doing business with the state as an incentive for the companies to renegotiate their contracts.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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