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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

Las Vegas-Area Plant Near Operation

LCG, Jan. 27, 2003--Testing is underway at a new 533-megawatt power plant built by Mirant Corp. in an industrial area of Las Vegas, Apex.

The gas-fired, combined-cycle faciity is expected to produce power in early April, and will use minimal water for cooling (30 gallons per minute), relying primarily on air. Mirant has planned from the beginning of the project to install a second phase at the Apex Generating Station of approximately the same size as the first, but has not said when it might begin construction.

Output from Apex will be sold under contract, although the company is still working to sign deals for the plant's capacity. Another project scheduled to open in the fall is Reliant Energy's Primm plant, a 550-megawatt facility.
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