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News
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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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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
FERC’s 12 Percent Reserve Riles Some Californians
LCG, November 20, 2002In an effort to prevent future energy crises, FERC plans to instate a 12 percent reserve requirement, but some utilities say such a move will cost too much. The Federal Energy Regulatory Commission is considering setting the state energy reserve level at 12 percent as part of a larger effort to prevent events like the California energy crisis of 2000/2001, which landed Northern California utility PG&E in bankruptcy court. However, some Californian officials object to the proposed measure, saying that forcing utilities to buy extra electricity will result in higher costs, the opposite of the intended effect of preventing high costs. The California Consumer Power and Conservation Financing Authority asserts that FERC has gone beyond its authority in considering such measures, while representatives from Southern California Edison find minimum reserves necessary but object to FERCs proposal. Some officials feel that the Independent System Operator should take responsibility for keeping the lights on. Naturally, utilities will object to any new rules limiting their flexibility; FERC will have to determine whether or not the reserve requirement will be worth its cost to the utilities. FERC will consider and solidify the reserve issue, as well as other facets of market design, next year.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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