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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

Long Island Power Study Points to Re-Powering, Not New Plants

LCG, August 6, 2002-C.W. Post's Center for Management Analysis released a study on Long Island, New York's power supply.

The report, developed at Long Island University's C.W. Post campus, comes to the conclusion that existing, old plants can be converted easily into combined cycle facilities, a process which could result in three times the current Long Island capacity.

According to Center for Management Analysis director Dr. Matthew C. Cordaro, as much as 4,700 new megawatts might be added through combined-cycle conversions.

Although the Center's study emphasizes bringing new technology to old plants, it also suggests that the completion of current New York power projects will prevent overextending the area's electricity capacity while improvements are made elsewhere.

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