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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

ISO-New England Says Connecticut at Risk

LCG, Feb. 7, 2002--The chief operating officer of ISO-New England, Stephen G. Whitley, is concerned that transmission lines in Connecticut will make the state vulnerable to blackouts this summer.

Whitley stated that significant conservation measures would be needed to head off "an imminent energy crisis," particularly in the southern part of the state, including Fairfield County. He noted that while demand for electricity has increased 25 percent in the past 10 years, "the cracks in the (transmission) system are beginning to show."

He said that last summer, an undersea line from Long Island into Connecticut was used to import power when two in-state lines failed.

Connecticut Light & Power is working on upgrades to the transmission system that are due to be completed in 2003, and which would transmit four to six times as much power as the current lines. The Office of the Consumer Counsel and Attorney General General Richard Blumenthal have suggested that Whitley's claims are overstated, with Assistant Consumer Counsel Eugene Koss alleging that the warning is a way to overcome opposition to CL&P's grid work. Blumenthal commented to the New Haven Register, "we've seen no data to support what they're saying."
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