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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

Peru Does Not Charge Belgian Energy Co. With Corruption

LCG, June 19, 2002--Belgian energy company Tractabel, which is a unit of French company Suez, says it is not being investigated for participating in corruption in Peru.

Earlier today the Dow Jones reported that Tractabel was charged with bribing former Peruvian president Alberto Fujimori; a Tractabel spokesman reportedly said it amounted to $10 million worth of monetary encouragement since 1996.

Later today, Tractebel said that, in fact, the company faced no such charges in Peru or anywhere else.

A spokesman from the company reportedly said that Tractebel had always denied this charge. The company also denies that a witness reportedly sought in the alleged investigation, Pierre Bocquet, ever worked for Tractebel in Latin America.

This very contentious charge, alleging corruption in Peru, comes directly after Tractabel bid successfully for Peruvian energy companies Egasa and Egesur.

The sale of state-owned assets led to a pitched political battle, and protests over the weekend promped the cancellation of flights when protestors walked onto runways. Riots in Arequipa induced the government to announce a state of emergency. Many Peruvians fear that money from sales will be spent foolishly.

The former president meanwhile faces charges of abandoning office and embezzlement; Alberto Fujimori has been living in Japan since 2000, when the Peruvian government collapsed.

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