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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

BP Cogeneration Project Moves Forward

LCG, July 28, 2004--BP's proposed 720-MW cogeneration facility at its Cherry Point Refinery in Washington took a step forward Monday when the state's Energy Facility Site Evaluation Council approved Whatcom County's agreement with BP. The agreement includes noise limitations and efforts to protect herons on the undeveloped, 195-acre site.

The Cherry Point Refinery, constructed in 1971, is located approximately seven miles south of Blaine and eight miles northwest of Ferndale, Washington. The cogeneration facility will be a natural gas-fired, combined cycle station that provides steam and electricity to the adjacent refinery. Available electricity will be delivered to the Bonneville Federal Columbia River Transmission System and sold to the market.

The Council is expected to decide in October whether to recommend construction of the plant. Governor Gary Locke must also approve and sign the Site Certification Agreement. Once approval is received, construction is estimated to require approximately 25 months.

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