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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

AES to Expand Generating Capacity at Buffalo Gap Wind Farm

LCG, August 29, 2006--AES Corporation announced yesterday that construction has started on Buffalo Gap 2, a major expansion of a new wind farm located near Abilene, Texas that began operations earlier this year. AES also announced that it has executed a power purchase agreement (PPA) to sell all of the green power to Texas retail electric provider Direct Energy, which is also the purchasing the power from the initial phase of the project. The new PPA has a 10-year term.

The electric generating capacity of the existing wind farm is 121 MW. Buffalo Gap 2 will include 155 new wind turbine generators from GE and add 233 MW of capacity. The expansion is scheduled to commence commercial operations in mid-2007.
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