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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

PG&E Gets Court Okay to Settle Small Claims

LCG, Dec. 28, 2001--Pacific Gas & Electric Co. said yesterday it has received approval from the U.S. Bankruptcy Court to settle most of the 12,800 claims against it, but not authority to pay any of them. Settled claims would be paid following acceptance of a plan of reorganization for the utility.

About 80 percent of the claims filed against the utility are fort amounts less than $100,000, and PG&E will be allowed to settle those. The company will also be allowed to settle some claims for amounts greater than $100,000 but less than $5 million.

The court also approved the utility's request to object to groups of claims on the basis that they are, for example, duplicative, late-filed or have been paid, without waiving its right to assert additional objections to the same claims, if necessary.

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