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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

550-MW Southern California Sempra Energy Plant Approved

LCG, August 7, 2003The California Energy Commission gave final approval for a 550-megawatt natural gas-fired plant to be constructed in Escondido.

Sempra Energy Resources, a unit of Sempra, will own and operate the combined-cycle plant, although it will be built on a JRMC Real Estate-owned, 186-acre business park.

The Palomar plant is likely to begin operations in late 2005, although contracts are still being discussed. The plant will cost between $350 and $400 million.

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