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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

Gadsby Plant in Utah to Expand

LCG, Feb. 6, 2002--Growing demand for power in Utah caused the Utah Public Service Commission to approve an expansion of the Gadsby Power Plant, close to Salt Lake City.

Utah Power plans to begin work next week on an $80 million, 120-megawatt expansion of the gas-fired plant. The company wants to have the upgrade completed by summer, when demand should hit its annual peak.

The expansion of the existing plant was seen as the best way to avoid wholesale power price surges on the open market, and approved by Utah's Committee of Consumer Services as well as the Division of Public Utilities.

The PSC chairman, Stephen Mecham, noted that the cost of building the expansion is not guaranteed to be repaid through customer bills. He said, "when they go to recover the costs in a future rate case the company will have to show the costs it incurred were reasonable."
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