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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

French Utility Encounters Adversity in Heat Wave

LCG, Aug. 11, 2003--The French utility Electricite de France said today that it could be forced to counteract disruptions to its normal provision of power services, due to a lack of cooling water for its generating plants, and possible line failures underground due to heat.

"The situation deeply affects the coal, fuel, nuclear power output and hydropower production of EdF, which needs water to function," a statement read. It called the ongoing heatwave the source of potentially "serious and significant consequences on French electricity."

EdF has put in place mobile generating units for customers who might lose access to large generators should lines fail. The temperatures observed have gone up throughout August, while the utility had to shut a coal-fired plant outside of Paris because of insufficient cooling water.

National power production has been supplemented by purchases from outside the country, and power prices set a record today.
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