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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

Covanta Energy Plans to Develop Energy-from-Waste Plant in Wales

LCG, January 30, 2009--Covanta Energy announced that it plans to construct a 70-MW power plant in Merthyr, Wales that will used waste as fuel. The target date for operations to begin is 2014.

The project, Brig y Cwm, will consume approximately 825,000 tons of waste per year. The estimated cost of the plant is approximately $570 million, and the project will be financed, built, owned and operated by Covanta Energy.

Covanta Energy is expanding its investments in biomass projects across the United States. In December 2008, Covanta announced that it had completed its acquisition of two biomass energy facilities in Maine. The two facilities, located in West Enfield and Jonesboro, have a combined capacity of 49 MW.
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