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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

Utilities Act to Face Scrutiny in US Senate

LCG, July 30, 2003The 1935 Public Utility Holding Company Act, which limits investment of utility profits, will face possible repeal this week as part of a larger energy bill.

The PUHCA bill prevents companies that own utilities from using regulated utility profits to fund other, unregulated businesses. The bill was passed by Congress to fend off pyramid-type business practices common during the 1920s and 30s. At that time, huge utility holding companies manipulated electric rates and were not liable for the debts of their utilities. Some scholars believe this practice had a significant hand in the stock market plunge before the Great Depression.

Many industry experts see PUHCA as an outdated bill, essentially limiting utilities and preventing foreign and non-utility companies from entering the market. Others see the bill as essential for preventing utility holding companies from moving outside of regulators control.

Large utilities are clearly very interested in the repeal, and the Bush administration finds PUHCA a relic of the past. Several organizations, including the Union of Concerned Scientists, strongly oppose the repeal.

While the House already chose to repeal the act in April, the Senate will consider the bill sometime in the next few days. Republican Senators have insisted that an energy bill will be passed by the end of the week, even if discussion must go into the weekend.

The energy bill in question also includes, among other matters, natural gas drilling, energy market issues, ethanol use, and SUV fuel efficiency.

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