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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

FPL Energy Files to Construct 250-MW Solar Power Plant in California

LCG, March 27, 2008--FPL Energy yesterday announced that it has filed an Application for Certification with the California Energy Commission (CEC) to construct, own and operate a 250-MW solar plant in the Mojave Desert. FPL Energy's goal is to add at least 600 MW of new solar generating facilities by 2015.

The Beacon Solar Energy Project will incorporate a concentrating solar power (CSP) design whereby arrays of parabolic mirrors track the sun and concentrate the sun's energy on a heat transfer fluid, which in turn is used to transform water into steam for a steam turbine that creates power. Over 500,000 mirrors will be distributed over the 2,000-acre project site in eastern Kern County.

FPL Energy anticipates that construction will begin late next year, and the project is scheduled to commence commercial operations by the third quarter of 2011, given timely regulatory approvals.

FPL Energy is not alone with its plans to develop large-scale CSP facilities. Last month, Arizona Public Service Co. (APS) announced plans to construct the Solana Generating Station, a 280-MW CSP plant. The Solana Generating Station will be built approximately 70 miles southwest of Phoenix, Arizona and is scheduled to commence operations by 2011. Abengoa Solar Inc. will build, own and operate the plant, and APS will purchase all of the power generated, subject to approval by the Arizona Corporation Commission.
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