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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

Illinois Town's 29-MW Power Plant Under Construction

LCG, Aug. 6, 2003--Geneva, Illinois has received five reciprocating engines from Caterpillar Inc., and is beginning construction of a power plant expected to be operational by January 2004.

The completed plant will be owned and operated by the city, which will use power from the plant during times when demand is high. Mayor Kevin Burns said, "This new power plant will offer residents and businesses of our city a higher quality of life by providing reliable and more affordable power during extreme weather conditions." Geneva is 40 miles west of Chicago.

According to Glen Barton, the chairman and CEO of Caterpillar, the sale of the G16CM34 gas-fired reciprocating engines marks the first such deal for the company. Patten Power Systems, the local dealer for Caterpillar, will provide support during the plant's operation.
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