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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

Fairfield, Texas Plant Operating this Month

LCG, Feb. 11, 2002--The Freestone Energy power plant, which will be rated at 1,052 megawatts, is scheduled to begin operations in Fairfield, Texas this month.

The plant's full capacity will be ready by March, according to developer Calpine Corporation. Of ten power plants owned by Calpine in Texas, the Freestone plant will be the largest. Its design incorporates four GE 7FA combustion turbines, as well as six steam generators. The combined-cycle plant has been designed and undergone engineering work by Zachary Construction Corporation.

Calpine is developing three other plants in Texas, which should be online within two years.
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