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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

DTE Selects GE Hitachi's ESBWR

LCG, June 18, 2008--Detroit Edison (DTE) selected GE Hitachi Nuclear Energy's Economic Simplified Boiling Water Reactor (ESBWR) design for a new nuclear reactor that may be constructed at DTE's existing Fermi-2 power plant site in Michigan.

DTE notified the Nuclear Regulatory Commission (NRC) that it intends to use the ESBWR in its submittal of a combined construction and operating license (COL) application this fall.

DTE has not committed to develop a new reactor; however, it is considering the opportunity and must submit an application prior to year-end to be eligible to receive federal financial incentives set forth in the Energy Policy Act of 2005.

The ESBWR design, which has a design capacity of 1,520 MW, has also been selected by Exelon, Dominion, and Entergy.


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