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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

Nevada Power's Chuck Lenzie Generating Station Fully Operational

LCG, April 19, 2006--The Nevada Power Company, a subsidiary of Sierra Pacific Resources, announced yesterday that the second of two, 580-MW, electric generating plants at the Chuck Lenzie Generating Station has commenced commercial operations well ahead of the June 30, 2006 target.

The new, gas-fired, Chuck Lenzie Generating Station is located about 20 miles northeast of Las Vegas in the Moapa Valley. Each of the two plants at the station includes two combustion turbines, a steam turbine and two heat recovery steam generators operating in combined-cycle mode. The station receives gas from the Kern River Pipeline.

The facility, formerly known as the Moapa Power Plant, was purchased from Duke Energy Corporation in October 2004, when the project was about 50% complete. In an order related to the plant, the Public Utilities Commission of Nevada (PUCN) allowed for an additional one percent rate of return incentive for timely completion of the plant. Specifically, the plant's two units were to be on line by March 31, 2006, and June 30, 2006.
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