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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

UK Reveals Tidal Power Prototype

LCG, June 18, 2002--United Kingdom Energy Minister Brian Wilson presented a new electricity generator which uses the power of ocean tides.

The "Stingray" uses the kinetic energy from moving ocean water and transforms it into electricity by way of a hydraulic motor.

Engineering Business Ltd., which is developing the project, will move the prototype generator out to a seabed near Shetland. The company plans to build several similar generators if the Stingray is successful.

The British government gave GBP1.1 million to the project as part of an attempt to create a GPB1 billion renewable energy market within the next 8 years.

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