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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

SMUD's Control Area Departs ISO

LCG, June 20, 2002--Early this week, the Sacramento Municipal Utility District took over operation of its own control area from the California Independent System Operator, partly to insulate itself from what SMUD's board President Genevieve Shiroma called "market-driven blackouts".

The move will not change rates for customers within SMUD, but it will mean SMUD will make all minute-to-minute balancing decisions to keep demand and supply of power in equilibrium. As such, the utility district will no longer pay grid-management charges to the ISO. Jim Tracy, director of SMUD's planning and budget, told the Sacramento Bee that, depending on the direction of ISO's charges, SMUD might save $2 to $30 million yearly, starting in 2003.

SMUD will not be subject to ISO-instigated rolling blackouts, although if there is a chance that the ISO grid could collapse due to equipment failure, SMUD would be prepared to act as needed. In situations in which generators do not generate within the ISO control areas for fear of not being paid, SMUD would have no obligation to the ISO.

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