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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

SoCal Ed, QFs Reach New Payment Agreement

LCG, Dec. 4, 2001--Southern California Edison Co. said yesterday that it had reached a revised agreement with independent power producers known as "qualifying facilities" for payment of past due bills for wholesale power purchased by the utility to serve its retail customers.

Among the QFs agreeing to the new plan was CalEnergy, operator of a Southern California geothermal complex, which recently brought suit against SoCal Ed. Under the revised plan, that lawsuit will be dropped, SoCal Ed said.

The revised plan amends previous agreements with the QFs to accommodate payment terms incorporated in the utility's October 2 procurement cost settlement with the California Public Utilities Commission.

"We appreciate the large number of (QFs) who have supported our effort to deal fairly and equitably with all creditors and not to single out one group for preferential payments," said SCE chief executive Stephen Frank. "We reaffirm our effort to pay all of our past-due obligations with interest during the first quarter of 2002."

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