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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

New Solar Photovoltaic Facilities Planned by FPL

LCG, July 11, 2008--Florida Power & Light Company (FPL) is planning two solar photovoltaic facilities that will have a combined electric generating capacity of 35 MW. SunPower Corporation announced yesterday that it was selected by FPL to design and build the facilities that will incorporate SunPower photovoltaic panels.

A 25-MW facility will be built in DeSoto County, Florida. The project includes the installation of the SunPower Tracker system that follows the sun to increase electric generation from the panels. A 10-MW project will be constructed at the Kennedy Space Center. Both projects will be owned, operated and maintained by FPL.

The DeSoto project is scheduled to commence operations in 2009, and the Kennedy Space Center is scheduled to commence operations in 2010. Both projects must first receive regulatory approval from the Florida Public Service Commission.

SunPower claims the 25-MW DeSoto County facility will be the largest solar photovoltaic power plant in the nation. The plant will exceed the capacity of a plant planned by Duke Energy Carolinas that was recently announced in May. As planned, Duke Energy Carolinas will purchase the power generated from a 16.1-MW solar photovoltaic farm in Davidson County, North Carolina that will deliver power to the grid by the end of 2010. SunEdison will develop, finance, build, operate, monitor and maintain the solar farm.
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