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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

Northern California Natural Gas Prices to Drop

LCG, Dec. 28, 2001--Pacific Gas & Electric Co. predicted yesterday that natural gas prices in Northern California will be 72 percent lower next month than they were last January, dropping from $1.41 per therm a year ago to $0.39 per therm next month.

For the average residential customer of PG&E, the plunge in gas prices will mean a drop to $48.38 on the monthly gas bill, from $121.92 in January of this year.

"For the first time in many months, prices are beginning to stabilize and are more reflective of natural gas costs during the past five years," the company said in its news release.

Because almost all of the electricity generated in California is from natural gas-fueled power plants -- either older gas-fired boiler operations or newer gas turbines -- the price of power is also expected to decrease.

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