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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

FP&L Expands Plant With Gas

LCG, June 14, 2002--An existing power plant in DeBary, Florida, will see one of two new planned gas-fired generating units go online today, to replace one of its three oil units.

The utility Florida Power & Light, part of the FPL Group, intends in the fall to bring the Sanford plant's second gas unit into operation, with another 1970's-era oil-burner to be shut down at that time. With the third oil-fired unit will remain ready to provide backup power as needed, the overall capacity of the plant will rise from 950 megawatts to 2,050 megawatts.

The plant will use combined-cycle technology, which incorporates steam turbines to capture energy released from the fossil-fuel combustion, achieving higher fuel efficiency than is possible with the gas turbines alone.

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