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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

Florida PSC Gives Green Light to FPL's New Solar Facilities

LCG, July 17, 2008--The Florida Public Service Commission (PSC) Tuesday approved three solar energy projects proposed by Florida Power & Light Company (FPL). The projects include the world's largest photovoltaic solar system and the first hybrid energy system that combines solar thermal technology with an existing natural gas combined-cycle generation unit.

The projects are a step toward implementing the renewable energy goals approved by Governor Crist earlier this year.

FPL has plans for two solar photovoltaic facilities that will have a combined electric generating capacity of 35 MW. Earlier this month, SunPower Corporation announced that it was selected by FPL to design and build the facilities that will incorporate SunPower photovoltaic panels.

In DeSoto County, Florida, a 25-MW solar photovoltaic facility will be built that 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 by December 2009, and the Kennedy Space Center is scheduled to commence operations by the first quarter of 2010. SunEdison will develop, finance, build, operate, monitor and maintain the solar farms.

The hybrid project will be at FPL's existing Martin Plant site. The Martin Next Generation Solar Energy Center will incorporate a design that will, when solar power is available, use energy from the sun to generate steam as a substitute for burning natural gas in a combined-cycle steam turbine system. The design will provide for as much as 75 MW of solar power and is expected to be the first such hybrid system in the world. The hybrid system is planned to commence operations by the end of 2009.
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