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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

Roseville, CA Considers Plant Construction

LCG, November 26, 2002-After ending its contract with an Enron subsidiary, the California city of Roseville's local council has begun contemplating constructing Roseville's own power plant.

The city, located some 20 miles northeast of Sacramento, had a deal with Enron subsidiary Roseville Energy Facility LLC to construct a 750-megawatt plant. Last week the City Council decided unanimously to cancel the contract with the company, as the company had failed to pay $100,000 it owed the city.

The city has since kept $600,000 in fees collected from Enron and has been considering building its own, one- or two-hundred megawatt facility.

Roseville is currently dependent upon electricity generated far away, and the city is interested in the reliable electricity a local plant could provide.

Some residents are already worried about pollution from local construction, although the plant would be smaller than the one previously planned.

Roseville is in Placer County and has a population of about 80,000.

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