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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

Bankruptcy Court Apprvoes PG&E Transmission Upgrades

LCG, Feb. 12, 2002--Requests made by Pacific Gas and Electric last month for approval of two major transmission projects have been answered in the affirmative by the U.S. Bankruptcy Court.

Due to PG&E's bankrupt status, spending items of over $50 million must be reviewed by the court. The Path 15 upgrade's financing is being overseen by public and private entities, many of which will co-own the lines. PG&E has been allowed to spend up to $75 million for the upgrades, which will join lines connected to the Los Banos and Gates substations.

The other item approved, the Tri-Valley Capacity Upgrade project, will lead to improvements of the California transmission system east of San Francisco. The system is nearing capacity, and serves Dublin, Livermore, Pleasanton and San Ramon, among other communities. These municipalities have granted their own approvals, as has the Official Creditors' Committee. The project will receive as much as $136.9 milion.

The Path 15 upgrade in particular was seen last year as a means of preventing future supply crises in California due to transmission bottlenecks.
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