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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

Massachusetts Agency Plan Would Increase Renewables

LCG, Feb. 7, 2002--A plan by the Massachusetts Division of Energy Resources would require increases in renewable energy use in the state, for a total net increase of 4 percent by 2009.

The renewable energy supply could be generated outside New England, and would have to be obtained by utilities and energy marketers, who would need to show proof that the energy provided by them was from a renewable resource, such as wind, solar power, or landfill gas. Hydropower would not be considered in the increases, given that environmentalists have objected to possible ecological impacts from hydropower.

If the renewable resources carried higher costs, the impact for the average household would be 15 cents per month, according to the division commissioner David L. O'Connor. O'Connor said that the proposal was mandated in 1998 electric restructuring legislation. An industry group, the Competitive Power Coalition, said that the plan is something its plant-owner members "believe in and support 100 percent." Neal Costello, the group's general counsel, also articulated the group's focus on having operating hydroelectric and incinerators included in renewable energy quotas prior to tracking of increased renewable purchases.

NStar Electric and Massachusetts, the major utilities, were said to be reviewing the plan yesterday, according to the Boston Globe. The state's lawmakers will need to approve the plan, which would go into effect in January 2003 unless significant modifications are sought.
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