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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

Effects of Largest North American Power Outage Linger in Ontario

LCG, Aug. 18, 2003--Last week's power outage is still being felt in Ontario, where the province's Independent Electricity Market Operator, or IMO, instructed businesses, industry and consumers to curtail energy usage.

The premier of Ontario, Ernie Eves, commended businesses for responding so diligently to a request he made for cuts of 50 percent. Power usage is not supposed to return to normal levels yet, as most government workers were told to stay home today, and auto production plants shifted some workers to night shifts in order to lower peak demand.

The IMO said generating resources could provide up to 19,700 megawatts, below the usual level of about 21,900 megawatts that would be needed for this time of year. Conservation is needed to provide a generous reserve margin, and avoid levels of demand that could reach up to 24,000 megawatts given hotter weather and normal working conditions.

Eves commented, "We can't use every single megawatt of power that we have in case of a maintenance problem somewhere in the system." It was unknown whether activity would be allowed to increase Tuesday, although all modes of public transportation, including the energy-intensive subway, were again available this morning at 6 A.M. for commuters.
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