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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

1,569-Mile Chinese Transmission in Operation

LCG, June 3, 2002-A 1,569-mile (2,525 kilometer) transmission line in China now connects the Western province of Sichuan to Eastern provinces such as Shanghai and Zhejiang.

Sichuan plants will supply 750 million kilowatt-hours to Shanghai and Zhejiang, as agreed upon by the Chinese government.

An inefficient and incomplete electricity grid has lead to serious waste, such as in the case of the $3 billion Ertan hydroelectric plant in Sichuan, which lacks customers and must operate below capacity.

The new transmission line comes at a time when China is redefining its electricity industry and laying out plans to split up its state-run electricity monopoly. China plans to have all of its transmission connected by 2005, with the exceptions of Tibet, Xinjiang, and Hainan.

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