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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

ComEd, AEP, Illinois Power Join PJM

LCG, June 26, 2002--Commonwealth Edison Co., Illinois Power, and American Electric Power Co. will join the grid operator PJM Interconnection LLC.

The utilities intend to create a for-profit independent transmission company with National Grid USA inside PJM's PJM West, although PJM itself is a nonprofit grid operator.

The four companies signed a memorandum of understanding and sent it to the Federal Energy Regulatory Commission yesterday. ComEd, AEP, and Illinois power will join PJM whether or not the independent for-profit company is finalized.

PJM may become a Regional Transmission Operator, or RTO, if FERC decides to give the grid operator approval.

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