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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Peru Perseveres with Attempted Deregulation, Hydroelectric Sale

LCG, January 21, 2003-Peruvian officials intend to go through with the sale of a 30-year concession for a national hydroelectric power plant.

The concession sale of the 130-megawatt Yuncan hydroelectric plant, which is expected to be completed by 2004, had been postponed because investors wanted more time to consider the purchase.

Peru has been selling state energy assets in order to raise money, although many public protests have been staged in opposition to the sales. Many Peruvians believe that selling rights to vital energy assets to foreign parties will end in inferior service and environmentally unsound investment.

Peru's Finance Minister Javier Silva Ruete has averred that the concession will be auctioned off within 30 days.

Meanwhile, Peru has separated its government by region. Newly elected Raul Espinoza, as president of the Paso region where the plant will be located, opposes the sale because he worries about conflicts of interest between foreign investors and local people.

Belgian company Tractabel, U.S.-based Public Service Enterprise Group, and Peru's Volcan Compania Minera are all possible bidders for Yuncan. The base price has been set at $60 million.

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