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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

NRG Solar and SunPower Execute Agreements for 250-MW California Solar Project

LCG, December 1, 2010--NRG Solar, a subsidiary of NRG Energy, Inc., and SunPower Corp. yesterday announced that they have executed agreements to begin construction in 2011 of the 250-MW California Valley Solar Ranch, located in San Luis Obispo County.

With the new agreements, SunPower will continue to develop the California Valley Solar Ranch project. SunPower will also design, construct and operate the solar PV facility, which will employ SunPower's proprietary Tracker system to improve energy capture. Project construction is scheduled to begin in the second half of 2011. The project will commence operations in three phases, with the initial phase on line by the end of 2011. The second and third phases will begin delivering power to the grid in 2012 and 2013, respectively.

NRG will assume all ownership and financing responsibilities. NRG Solar plans to invest up to $450 million in the project over the next four years, and a loan guarantee from the U.S. Department of Energy's (DOE) Loan Guarantee Program Office is being pursued.

Pacific Gas & Electric (PG&E) signed a 25-year power purchase agreement (PPA) for the output from the project in August 2008, and the PPA was approved by the California Public Utilities Commission (CPUC).
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