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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

World Bank to Give $199 Million for Bangladesh Electricity

LCG, June 26, 2002--Yesterday, the World Bank allotted money in the form of credit and grants to Bangladesh for energy development.

The $199 million consists of $191 million interest-free credit and an $8 million grant.

The World Bank intends the money to be used in rural electrification and renewable energy project, to expand service to 700,000 remote customers.

The project is estimated to cost $298 million, $92 million of which will come from the Bangladesh government.

About 10 million households in Bangladesh do not have electricity. The population of Bangladesh is over 133 million.

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