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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

Regional Demand Management Considered by FERC

LCG, Feb. 20, 2002--Officials at the Federal Energy Regulatory Commission may issue rules that give control of demand curtailment programs to regional transmission managers, instead of local utilities.

The commission favors regional management because it could increase reliability, by encouraging demand-related decisions that support regional objectives. Some utilities now have programs that allow customers to obtain lower rates in exchange for cuts in their power usage during times of high demand.

The chairman of the FERC, Pat Wood, last week told a conference on demand management funded by the government that "I'd like to see it done regionally." He hinted that a planning document due in March could include rules on demand-response programs. George Edgar, now a director at Wisconsin Energy Conservation Corp. and formerly at the FERC, said "we need a system where the value of energy efficiency that is occurring in Wisconsin could be used to offset regional transmission needs. In other states, the same thing could happen."

Currently, Wisconsin utilities with demand-response programs coordinate with the American Transmission Co., a company formed in 2000 at the same time that utilities were legally required to divest themselves of transmission assets. The sales were meant to prevent market manipulation by local owners of transmission infrastructure.
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