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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

Enron Crash Cost Workers Their Life Savings

LCG, Dec. 19, 2001--Two longtime employees of Enron Corp. subsidiary Portland General Electric Co. testified yesterday before the U.S. Senate Commerce, Science and Transportation Committee, saying that their life savings had been wiped out by the collapse of the energy giant.

Bob Vigil and Don Eri are among the nearly 1,000 members of International Brotherhood of Electrical Workers Local 125 who are victims of Enron's November bankruptcy, the union said.

"Little did those of us working hard every day to make the company successful know what was going on at the top of Enron," said Bob Vigil, an electrical machinist working foreman, in prepared testimony. "We trusted management's glowing reports of strong financial growth and opportunity. Then in October, Enron's house of mirrors came crashing down."

Vigil and Eri told the hearing chaired by Sen. Byron Doran, a North Dakota Democrat, that Enron prevented the workers from protecting themselves, even after the company's nosedive became apparent.

On the same day the federal Securities and Exchange Commission launched an investigation, employee investment accounts were frozen, leaving workers to watch the company stock value plunge to penny stock status, the union said

"It's unconscionable that hard-working, dedicated workers were forced to sacrifice their life savings to prop up a failing company," said IBEW President Edwin D. Hill. "Those who ran the company into the ground certainly aren't wiped out financially -- just the workers who made their success possible."

And, it should be noted, shareholders, bondholders, creditors, trading partners and others.

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