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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

Italy Utility Violates Antitrust

LCG, June 24, 2002--The Consiglio di Stato, Italy's high court, ruled that Enel SpA must sell generating capacity.

Italy's antitrust authority ruled last year that Enel SpA was impeding competition and should sell 20,500 MW of capacity, but the Consiglio di Stato decided that the energy company should only sell 15,000 MW capacity, 5,500 MW less than previously ordered.

The court's decision will be made more clear once the court releases its written opinion, which is expected within a month.

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