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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

Hog Bayou Energy Center Online in Mobile, Alabama

LCG, Feb. 11, 2002--Following startup and testing procedures, the Hog Bayou Energy Center, in Mobile, Ala., began operations today.

Owners Calpine Corporation and InterGen, a Boston energy firm, say the 245-megawatt power plant is the first of Calpine's plants to go online in the Southeast.

Calpine has three projects now under construction in other parts of the state. Two of those are the Decatur Energy Center, 794 megawatts, and the Morgan Energy Center, 790 megawatts, both of which are in Decatur. The Hillabee Energy Center, on which work continues in Tallapoosa County, will be rated at 770 megawatts.
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