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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

German Cartel Office Vetoes E·on-Ruhrgas-Deal

LCG, Dec. 3, 2001--Germany's cartel office, das Bundeskartellamt, has vetoed a plan by Eon, the country's largest utility, to acquire controlling interest in natural gas supplier Ruhrgas, the German newsweekly Der Spiegel said in yesterday's edition.

Eon and the cartel office were said to be negotiating a compromise, but Eon declined comment.

Der Spiegel said Ulf Bge, head of das Bundeskartellamt, had written a letter to Eon on Friday expressing concern that the acquisition would give Eon "greater influence" over a large number of local and regional gas distributors. Large gas dealers such as Contigas und Thgas were cited.

It was implied that the cartel office had not made its final decision. The magazine said Eon officials feel participation in some public utilities must be possibly sacrificed, in order to allay concerns of the cartel office.

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