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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

Fusion Project Gets European Union Backing

LCG, Feb. 25, 2002--The European Union will provide €750 million ($652 million) in funding for a working fusion power station expected to be built over 10 years.

The overall cost of the project is anticipated to be &8364;4 billion ($3.48 billion). Britain's head of the Office of Science and Technology, Professor David King, said recent progress on fusion, considered a clean version of nuclear power using deuterium, changed his status to from being "one of the skeptics" to a supporter. He said, "I'm still talking 25 years before we see the first fusion power station. I think that the demand worldwide at that stage for a highly efficient energy source is going to be enormous."

Fusion has faced considerable skepticism from scientists, but research into it has continued due to the possibility of releasing more output of energy than is provided to start a reaction. The Joint European Torus (JET) project near Oxford achieved a fusion reaction which yielded 90 percent of the power consumed.

Countries within and outside the European Union, such as France, Canada and Japan, are likely to submit bids for the building of the power station, called Iter, or in Latin, "the way."
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