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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

Duke To Build Four Plants

LCG, Feb. 20, 2002--Duke Energy North America has contracted with Duke/Fluor Daniel for the construction and engineering work on four new simple-cycle, gas-fired power plants to be built in the Southeastern U.S.

The projects will each add 640 megawatts of capacity. The Enterprise Generation Station will be in Enterprise, Miss., in Clarke County; the Marshall Generation Station is sited for Calvert City, Ky.; the Sandersville Generation Station will be north of Warthen, Ga., in Washington County; the Southaven Generation Station will operate in Southaven, Miss.

Duke Energy North America is the unregulated arm of Duke Energy, and has 5,400 megawatts scheduled to be online by summer 2002, including the four just announced.
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