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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

Minnesota Coal Project Receives DOE Grant

LCG, October 28, 2004--The Department of Energy announced that the proposed Mesaba Energy Project, an advanced coal plant estimated to cost $1.18 billion, will receive a $38 million grant. The grant is part of President Bush's 2002 Clean Coal Power Initiative (CCPI) to invest $2 billion over 10 years to advance technologies to help meet the United State's growing electricity demand.

The project will be a 531-MW, integrated gasification combined cycle (IGCC) plant and will be located near Hoyt Lakes, Minnesota. The generation process includes coal gasification, with the gas from the coal passed through a gas turbine to generate electricity. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time. The plant design is intended to reduce costs and improve efficiency and availability with reduced emissions. Excelsior Energy Inc. and ConocoPhillips will construct and operate the plant.

Earlier this month, the DOE announced similar grants in support of other advanced coal technology projects. Orlando Utilities Commission (OUC) and Southern Power, the unregulated subsidiary of Southern Company, will receive a $235 million CCPI grant for the development of a 285-MW, advanced coal plant to be built at OUC's existing Stanton Energy Center near Orlando, Florida. Peabody Energy will also receive a $19.7 million CCPI grant to demonstrate a technology to achieve ultra-low emissions at the proposed 300-MW, Mustang Energy Project located near Peabody's Lee Ranch Coal Company operations in New Mexico.

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