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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

British Government Considers Nuclear Takeover

LCG, January 23, 2003-British officials are considering taking over a nuclear generation company in the United Kingdom because of its financial troubles.

British Energy PLC, which received a large loan late last year, has been having difficulty due in part to low wholesale power prices. The company announced a loss of £337 million ($546 million) during the six months up to September of last year.

Also last year, the United Kingdom took steps to deregulate its energy markets, but now the House of Commons may even change the law in order to allow the nuclear company to file for bankruptcy and come under government supervision.

Loans to the nuclear generation company were questioned by European and Canadian companies because some considered the £410 million loan to be unfair assistance and unapproved by the European Commission. The European Commission later did approve aid to the energy company, but environmental groups such as Greenpeace still oppose the aid because of safety and cost issues, contending that British nuclear generation is dangerous and not cost efficient.

British senior ministers will discuss possibilities today and may stop new nuclear construction for up to five years.

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