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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

Energy Alberta Files with CNSC to Construct Nuclear Reactors

LCG, August 29, 2007--The Canadian Nuclear Safety Commission (CNSC) yesterday received an application from Energy Alberta Corporation to construct up to two nuclear reactors near Peace River in Alberta. The proposed nuclear power station would include two reactors with a combined net electrical output of 2,100 MW. The target date for commercial operations is early 2017.

The estimated total cost of the proposed facility is C$6.2 billion. The reactor design would employ the ACR-1000, which is founded upon the Atomic Energy of Canada Limited's (AECL) CANDU nuclear technology.

The selected site is on private land located approximately 18 miles west of the town of Peace River, Alberta, where Energy Alberta obtained about 1,400 acres of land.

Energy Alberta is a privately held company, incorporated in Calgary in October 2005. For this project, Energy Alberta partnered with AECL, the federal Crown corporation that provides Candu reactors.
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