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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

California ISO Goes Ahead with $473 Million Upgrade

LCG, June 26, 2002--The California Independent System Operator has taken a step to remedy a transmission bottleneck on "Path 15."

The ISO approved $437 million to expand Path 15, which connects Northern and Southern California.

Two pre-existing 500 kilovolt lines will be joined by a third in the Central Valley, and major substations will be improved to add 1,500 MW in transmission. The project should be completed in 2004.

The ISO says that the upgrade will yield $100 million a year in savings and up to $300 million in dry years.

Pacific Gas and Electric utility, Trans-Elect Inc., and the Western Area Power Administration will pay for the project, although Trans-Elect will pay the most and therefore receive the larger part of the transmission rights.

The project has yet to be approved by the California Public Utilities Commission.

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