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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

Contract Signed for Hydro-Quebec Hydropower Equipment

LCG, Apr. 2, 2003--A subsidiary of Hydro-Quebec, the Societe d'energie de la Baie James, signed a contract in March with ALSTOM for the engineering, delivery and installation of three hydropower turbine-generator sets at the Eastmain-1 hydropower plant.

Each of the turbine-generator sets will have a capacity of 160 megawatts, and will be built within the Baie-James (James Bay) Hydroelectric Development program. The Eastmain-1 project resulted from negotiations between Quebec's government and the Grand Council of the Crees, which included guarantees of job creation and business development. Another proposed power project, called Nottaway-Braodback-Rupert, was to be cancelled in the event that partial diversion of the Rupert River went forward. At least nine agreements and accords covering hydropower development were signed, marking greater cooperation between the Crees and the provincial government.

The turbines will be manufactured beginning in 2004, with all three turbine-generator sets to be commissioned by December 2006.
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