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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

Strong Winds Cut Power for Southern Californians

LCG, Jan. 6, 2003--Wind energy can be used to generate electricity, but for some residents of California this weekend, winds sweeping through the area packed enough force to leave them without power.

Yesterday evening, Santa Ana winds struck central, coastal and Southern California, knocking down utility poles in Orange and Arcadia, among others. Wires were brought down in hundreds of locations, prompting Southern California Edison crews to go out to restore them to working condition. Overall, 250,00 customers have had no electricity due to the damage.

The high winds, which have been measured at over 75 miles per hour, are expected to continue through Tuesday if not longer, according to the National Weather Service. Although further damage is possible, there were 40,000 customers whose power had not been restored as of this morning.
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