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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

New Hydropower Allowed by Quebec Indians

LCG, Feb. 4, 2002--A referendum held among James Bay Cree Indians showed 70 percent approval of hydropower development on the Crees' lands.

The 70 percent approval was returned by nine communities, who will receive payments of $16 million ($10 million US) in 2002, nearly twice that amount next year, and $46.5 million ($29.2 million US) for the 48 following years.

Grand Chief Ted Moses said in an announcement, "this is an historic moment. It is an agreement that vindicates the long Cree campaign since 1975 to have our rights respected." The agreement will be formally signed by Moses and Quebec Premier Bernard Landry on Thursday.

Other parts of the agreement, which will need to be approved by the court, guarantee jobs for the Crees in the hydroelectric operations and more independence in logging and other industrial activity. The Cree have agreed not to pursue environmental lawsuits worth $2.4 billion ($1.5 billion US) against the government.

The deal would permit development along the Eastman and Rupert Rivers, assuming environmental approvals are granted.
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