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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

Newsmakers

Richard E. Terry, the chairman and chief executive officer of Peoples Energy, will retire effective August 1. He will be succeeded by Thomas Patrick, now president and chief operating officer. Patrick will continue as president upon the transition. Terry will have completed a 30-year career with Peoples Energy, having originally joined the legal department and served for over 11 years as chairman and CEO. Patrick, who has been with the company for 26 years, oversaw the company's utility subsidiaries and managed regulatory affairs and gas supply until 1998.

CMS Energy has promoted Michael VanHemert to the new position of vice president and secretary of CMS Enterprises, the diversified energy business unit. He will manage CMS Enterprises' corporate secretary activities as well as CMS Energy's investor services and corporate records areas. He will continue to serve as deputy general counsel of CMS Energy, in which position he is responsible for financing and securities matters.

Gary Cardone is resigning from Dynegy Europe, to take leave of absence for an undetermined length of time. Cardone was responsible for initiating gas trading in Britain when he helped create British Gas' energy trading division in 1994.

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