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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

SUNY Stony Brook, Calpine to Boost Long Island Power Supply

LCG, January 22, 2003--An 80-megawatt expansion of the existing Bethpage cogeneration plant on the State University of New York at Stony Brook campus is planned, based on talks between Calpine Corporation, the Long Island Power Authority (LIPA), and the university.

The project will increase the efficiency of the plant, which underwent minor expansion last summer, while allowing LIPA to purchase even more of the excess electricity not used by university facilities. The cogeneration plant, built in 1995, now has a 45-megawatt capacity, and can supply steam to the university, which has 22,000 students. The plant will be expanded first in August, with a new 45-megawatt LM6000 turbine, which will be used in peaking mode.

The second phase of expansion will take place in summer 2004, when the operation of a new steam turbine will provide an additional 35 megawatts, and allow the two newest generating unit to operate in a baseload, combined-cycle mode. The project requires some remaining approvals from the state and other local governments. "The project is a win-win situation. It will provide the campus with a reliable and cost-effective power supply well into the future and will help alleviate the current power shortage on Long Island," said Stony Brook president Shirley Strum Kenny.
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