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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

610-MW Texas Generating Unit Out Following Pipe Rupture

LCG, July 15, 2003--One of the W.A. Parish power plant's four generating units, Unit 8, is being inspected to determine the extent of damage it suffered when a steam pipe ruptured for unknown reasons.The unit, rated at 610 megawatts of capacity, will be shut down until the extent of any necessary repairs has been determined. Meanwhile, Texas Genco Holdings, Inc., which owns W.A. Parish, will obtain capacity to substitute for the lost output from the market. The incident, which occurred Tuesday, did not result in service interruptions to customers, and no plant staff were injured. The plant, which burns coal, is approximately 50 miles southwest of Houston, in Fort Bend County.
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