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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

Bush Administration Suggests Federal Sites for Nuclear Power

LCG, Feb. 19, 2002--As part of a long-term energy policy plan, the Bush administration named three sites under federal ownership as possible locations for new nuclear power plants that it hopes will be built by 2010.

Two companies, Utilities Exelon Corp. and Dominion Resources, are currently looking into numerous potential locations for nuclear power plants. Any nuclear power plant built by the companies would be the first built in the U.S. in over two decades.

The administration named three facilities, including an Energy Department engineering laboratory in Idaho, a nuclear weapons plant in South Carolina, and a uranium re-processing center in Ohio. Energy Secretary Spencer Abraham said in a statement, "each of these sites has the right physical characteristics, experienced workforces and supportive local communities to make a nuclear plant project a success."

An Energy Department recommendation that nuclear waste be shipped from nuclear plants throughout the country to Nevada was given formal backing by President Bush on Friday. According to a report issued by an advisory panel, a new nuclear plant would need to be ordered by a utility in 2003 in order to be operational by 2010.
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