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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

House Panel Tables Electric Dereg Bill until February

LCG, Dec. 18, 2001--U.S. Rep. Joe Barton, the Texas Republican who is chairman of the House Energy and Commerce Committee, said yesterday his panel would hold off on plans to produce legislation on electricity deregulation until February.

Part of the reason is a desire for the delay on the part of committee Democrats who said they needed time to digest the implications of the collapse of Enron Corp.

Christmas is another part. Barton said he had enough votes for a planned mark-up but "members of Congress are people too, and this week is the time for them to be focusing on shopping for their families rather than the intricacies of electricity restructuring."

Last week, Democrat members of the Energy and Air Quality subcommittee pointed to the flameout of Enron as a reason to postpone action on the bill, but Rep. Rick Boucher, the ranking Democrat on the subcommittee, said it went deeper than that.

"It was issues at the heart of (the administration) scheme for deregulation of wholesale power markets that necessitated this postponement," he said.

Lawmakers on both the committee and the subcommittee are still at odds on such issues as the ultimate jurisdiction of the Federal Energy Regulatory Commission, plans that would allow condemnation of land for transmission corridors, and the nature and size of regional transmission organizations.

As a result of Enron's downfall, a new issue has entered into the deliberations of Barton's committee, that of accounting rules for energy traders. FERC, the Securities and Exchange Commission, and committees in both houses of Congress are investigating unusual accounting practices that some say led to Enron's failure.

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