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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

British Energy Might Extend Nuclear Operating Lives

LCG, Sept. 23, 2003--Nuclear plants operated by British Energy could remain operational for an additional five years, if the utility can reach agreements with creditors, and a government bailout proceeds.

Intense negotiations are underway with creditors, with the looming threat that the trade and industry secretary could force the company into receivership by the end of the month if the talks are not successful. If the plants were not to keep running, and be replaced by new nuclear reactors, government ministers could feel intense political pressure over opposition to new facilities.

The UK relies on nuclear plants for about one-fifth of its power needs. If nuclear power declined, a shortage of power could result as carbon limits forced coal plants to shut down. Currently, the old nuclear reactors are scheduled to be shut down beginning in 2008. Before the announcement by British Energy, one nuclear plant was to remain by 2023.
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