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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

Constellation Peaker Construction Finished

LCG, June 21, 2002--The Florida-based Oleander gas-fired peaking plant owned by Constellation Power is no longer under construction, and is scheduled to go online this summer.

The plant is made up of four combustion turbines, one of which was contracted last summer to provide firm power to Florida Power & Light from 2002 through summer 2003, and another of which will was to do so through mid-2005. Part of the output has been sold to Seminole Electric Cooperative as part of a seven-year power purchase agreement beginning this winter.

The plant is located in Brevard County, near Cocoa.
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