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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

Power Authority Announces Long Island Projects

LCG, Nov. 14, 2002--Two power projects which will provide up to 134.9 megawatts of generating capacity before next summer have been announced by the Long Island Power Authority (LIPA).

In Far Rockaway, a 55-megawatt unit will be built by FPL Energy, the subsidiary of FPL Group Inc. The facility will be sited adjacent to the existing Bayswater plant. Once built, the output of the Bayswater Clean Energy Center, a peaking plant, will be sold under a long-term contract to LIPA. North Bellport will be home to a plant built by PSEG Power, which is to supply 79.9 megawatts.

The plants will provide most but not all of the projected need on Long Island for next summer. Seasonally elevated heat and humidity will mean that 200 megawatts of capacity are required, according to Richard Kessel, the LIPA chairman, in a statement.

A plant which was previously planned by PPL Corp. in Freeport would have provided 44 megawatts starting next year, but was canceled by the developer. The reasons cited were rising costs and delays in the schedule, with the possibility of $65 million in avoided expenditures, according to PPL.
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