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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

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Constellation Energy Group Announces Board Changes

Constellation Energy Group Inc. has announced the election of two new directors and that five will retire, having reached normal retirement age.

The new directors are:

  • Edward J. Kelly III, president and chief executive of Mercantile Bankshares Corp. and former managing director and head of the global financial institutions group for J. P. Morgan Chase & Co., has been elected a director.

  • Robert J. Lawless, chairman, president and chief executive of McCormick & Co. Inc. and a 25-year veteran of that firm, has also become a Constellation director.

Those retiring from the board are:

  • H. Furlong Baldwin, chairman of Mercantile Bankshares Corp.

  • J. Owen Cole, retired chairmen and chief executive of First National Bank of Maryland.

  • Dan A. Colussy, chairman of Iridium Satellite LLC.

  • Jerome W. Geckle, retired chairman and chief executive of PHH Corp.

  • George L. Russell Jr., currently associated with the law offices of Peter G. Angelos.

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