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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

'Analysts' Take Heat for Enron Buy Recommendations

LCG, Dec. 7, 2001--The U.S. Securities and Exchange Commission, which is already investigating the financial reporting of Enron Corp., now wants to take a look at securities analysts who kept recommending Enron's stock as a "buy" even as the company nosedived into bankruptcy.

Laura Unger, an SEC commissioner, said yesterday in an interview on CNBC television "What concerns me more is hearing that analysts still continued the strong buy recommendation as recently as in the last couple of weeks when it was at 90 cents."

Unger also took aim at Enron's auditors, the accounting firm of Arthur Andersen. "The accounting firm that had been the auditor for Enron for 10 years didn't seem to understand and of course that's an open issue," she said.

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