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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

Chevron to Increase Capacity at Sabine Pass LNG Terminal

LCG, December 2, 2005--Cheniere Energy, Inc. announced yesterday that Chevron Global Gas, a unit of Chevron Corporation, has exercised itsoption to increase capacity to 1 Bcf/day at Cheniere's new Sabine Pass Liquefied Natural Gas (LNG) terminal. The terms of the original agreement, executed in November 2004, provided for 700 MMcf/day of capacity over a 20-year period to begin no later than July 2009.

The Sabine Pass LNG Terminal is being built near Sabine Pass in Cameron Parish, Louisiana. Construction on the LNG facility began in March 2005.

The LNG terminal will receive LNG tankers and vaporize the LNG into natural gas, which will then be transported into the transmission pipeline network serving much of the Central and Eastern United States. The terminal is designed with a sendout capacity of 2.6 Bcf/day in the first phase, which is scheduled to commence operations in 2008.

In July 2005, Cheniere filed with the Federal Energy Regulatory Commission (FERC) a second phase for the project that would increase the sendout capacity of Sabine Pass LNG Terminal to 4 Bcf/day. According to Cheniere, the expansion could open between 2009 and 2010.

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