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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

FERC Approves First U.S. LNG Terminal in 20 Years

LCG, August 22, 2003Sempra Energy has receivedinformal environmental approval to construct the firstliquified natural gas terminal in the U.S. in 20years.

Sempra plans to build the facility in Hackberry,Louisiana, some 30 miles from the Louisiana-Texasborder. The site is projected to cost $700 million andwill be able to process 1.5 billion cubic feet perday. If constructed according to the expected timeframe, Hackberry will be up and running by 2007.
The company announced that the Federal EnergyRegulatory Commission (FERC) found the plansenvironmentally acceptable and issued a finalenvironmental impact statement asserting the facilitywould pose little environmental hazard. Sempra alsoneeds approval from the Army Corps of Engineers andLouisiana authorities before beginningconstruction.

The company expects official approval from FERC soon and sees no major obstacles toconstruction.

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