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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

Alberta Grid Upgrades Urged

LCG, Feb. 12, 2002--ESBI Alberta Inc. and Alberta-based power suppliers want an expansion of the province's transmission infrastructure to handle growing demand for electric power.

Most generation capacity in Alberta is found north of Red Deer. To construct new lines from the northern part of the province to the south, where demand is growing most, ESBI, which manages the transmission system for the province, would first need to obtain rights of way. According to Richard Stout, commercial manager for ESBI, "the line building itself may only take two or three years, but the acquisition of the rights of way to the land could take six or seven years."

Stout estimates that millions of dollars could be spent to obtain necessary easements, but is not sure who would be required to pay for the rights as well as the construction costs.

At least twelve power companies want more transmission lines, among them Calgary-based Enmax Corp. Enmax not only supplies local customers, but has benefitted from exports to Washington State and California. While Alberta customers currently pay for transmission upgrades through a charge on their bills, ESBI has told the Alberta Energy Utilities Board that lines for cross-border sales should be paid for by power suppliers with licenses to conduct such sales.

The Alberta Energy Utilities Board will conduct a hearing on transmission investments in late April.
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