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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

Energy Bill Conference Pending

LCG, June 4, 2002--Although the Senate nominated its 17 conference members to discuss an energy bill with counterparts in the House a month ago, the House has yet to name its conferees.

The energy bill that has been slowly making its way through the U.S. Congress has some remaining aspects to be clarified before it becomes law. The House energy bill was passed in August last year, and the Senate energy bill passed this April.

Language regarding the Alaskan Arctic National Wildlife Refuge is one source of contention holding the bill up. The U.S. House of Representatives may make a decision this week on its conference members, to number as many as 50.

The Senate Democrat conferees are Energy Committee Chairman Jeff Bingaman (NM), Joseph Lieberman (CT), John Kerry (MA), Ernest Hollings (SC), Max Baucus (MT), John Rockefeller (WV), John Breaux (LA), and Harry Reid (NV).

Republic conferees are Frank Murkowski (AK), Pete Domenici (NM), Charles Grassley (IA), Don Nickles (OK), Trent Lott (MS), Larry Craig (IA), Ben Nighthorse Campbell (CO), and Craig Thomas (WY).

Vermont Independent James Jeffords was also named as a member.

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