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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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Origis Energy Announces Agreement with Meta for Greyhound A Solar Project in West Texas

LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.

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Industry News

Assessments of Possible Carbon Restriction Impacts Promised by AEP, Cinergy

LCG, Feb. 19, 2004--Two major electric power producers with significant coal generation assets have announced that they will produce reports on planned steps to address global warming concerns, and will likely outline what they see as massive costs associated with such efforts.

In exchange for the promises for such disclosures by American Electric Power Co. (AEP) and Cinergy Corp., shareholder groups that had been prepared to submit resolutions to force such analyses have backed away from those initiatives. In the case of Cinergy, it will undertake its assessment with Mission Responsibility Through Investment Committee of the Presbyterian Church (USA), which had taken part in preparing a resolution. Cinergy and AEP have already pledged themselves to emission reduction targets with respect to a range of "greenhouse gases."

The shareholder groups are hoping that the reports (AEP plans to issue its findings in September 2004) will address operational objectives, possible competitive effects, and social pressures. A previous resolution undertaken at AEP that would have required the company to disclose its financial risk due to emissions-related legislation received just below 27% of votes cast in favor.
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