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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

Hurricane Isabel Leaves over 600,000 Without Electricity

LCG, September 18, 2003More than 638,000 people in North Carolina and Virginia lost power Thursday, when Hurricane Isabel struck.

The storm knocked over trees and snapped power lines, taking out electricity service in North Carolina and Virginia. More power outages are expected as Isabel continues on its path.

The storm has also caused 1,500 flights along the East Coast to be cancelled, and the eye came ashore at 2 pm EDT this afternoon, bringing gusts of up to 105 mph.

Many services in the Washington, D.C. area have also been shut down. The airport, subway, and Amtrak were closed in anticipation of the storm.

Duke Power, Dominion Virginia Power and Dominion North Carolina Power are among those that supply electricity to the affected region.

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