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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

Xcel Wants to Build New Comanche Station Unit

LCG, Feb. 24, 2004--A third unit with a capacity of 750 megawatts is planned by Xcel at its Comanche Station plant, and would start construction by 2005 or 2006.

A town meeting in Pueblo, Colo., was informed that Xcel will seek the environmental permits necessary, and that the company hopes to have completed that phase of development by late 2005. Overall, the company has plans to expand its ability to serve demand by 3,000 megawatts, and will provide approximately half of the output necessary with its own new generating units. The new unit will be built in Pueblo, based on negotiations with officials there that have been completed.

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