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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

FTC Asked to Probe Enron for Possible Fraud

LCG, Dec. 26, 2001--The chairman of the Senate Commerce Committee and the leader of its Subcommittee on Consumer Affairs have asked the U.S. Federal Trade Commission to investigate Enron Corp. for possible fraud and misrepresentation of facts in connection with the company's spectacular collapse.

Reuters news agency reported this morning that Sens. Ernest Hollings, a South Carolina Democrat who heads the Commerce Committee, and Byron Dorgan of North Dakota, also a Democrat and chairman of the Consumer Affairs Subcommittee, wrote last Friday to FTC Chairman Timothy Muris, asking the commission to look into whether Enron engaged in "deceptive acts," "unfair methods of competition" or "any other conduct that the Commission would deem to be harmful to consumers."

Dorgan's subcommittee has already begun its own probe of Enron's nosedive and both the Securities and Exchange Commission and the Justice Department have investigations of their own underway. Enron chief executive Kenneth Lay is scheduled to testify before Dorgan's panel on February 4.

In their letter to Muris, the two senators said the ultimate cause of Enron's collapse "extends well beyond possible violations of securities regulations" and the case raises questions of possible commercial fraud, misleading disclosures, illegal accounting practices, illegal partnerships with third party entities and conflicts of interest.

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