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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

Rhode Island Bill Would Spur Electric Competition

LCG, Feb. 27, 2002--A bill introduced by Rhode Island lawmakers would attempt to make lower power prices available to the state's small power users.

House Speaker John B. Harwood, D-Pawtucket, and Rep. Brian P. Kennedy, D-Hopkinton, say that the proposed legislation is meant to succeed in ways that the Utilities Restructuring Act of 1996 did not. Since, 1998, customers have been able to choose a supplier other than Narragansett Electric.

Marketers are generally not seen as being as willing to court consumers as they are large businesses, due to the relatively high cost needed to attract a small amount of additional consumer sales. One part of the bill would allow municipalities to solicit bids from suppliers on behalf of their residents, and switch all residents' to the least expensive supplier except for those who opted not to be switched. Thirty-four Rhode Island towns are already realizing savings based on a deal negotiated by the Rhode Island League of Cities and Towns for a duration of five years beginning in 1999.

Despite the bill's focus on allowing aggregation of tens of thousands of customers, it would also give individual customers an option to select higher-priced "green power" produced from renewable resources.

Rate structures would have to reflect different time-of-day costs. In Washington state, a move to higher charges for customers during day-time peak periods have coincided with a shift in power usage towards off-peak periods, when lower prices are in place.

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