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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

Solar Project Will Serve 400,000 in Rural Philippines

LCG, Feb. 7, 2002--A rural section of the Philippines' island province of Mindanao is a party to an agreement with Spain and BP Solar for the installation of solar power for lighting and water systems in a remote, undeveloped area.

Spain will provide 2.4 billion pesos ($48 million) of aid for the project, coordinated by Agrarian Reform Secretary Hernani Braganza. Approximately one-third of the country's poor live in Mindanao. The project is seen as a more cost-effective way to provide power than connecting the area to the main National Power Corp. transmission network and transporting fuel for local generators.

The first of two phases in the installation process will begin in September, and will provide lighting to 5,500 families. Later, 25 irrigation systems and 97 systems to process and distribute drinking water will be installed. Eventually, 68 schools and community centers and 79 health clinics will be electrified. The second phase will also provide lighting for an additional 9,500 homes.
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