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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 Jersey Solar Project Approved by Local Authority

LCG, December 15, 2010--Lincoln Renewable Energy (LRE) yesterday announced that its site-plan application was approved last Thursday by the Mannington Township Planning Board unanimously approved its site-plan application for the 10-MW NJ Cedar Solar farm located in Salem County.

The estimated cost of the NJ Cedar Solar project is $60 million, and it will be installed on a 129-acre site. Construction is scheduled to commence early next year.

In October, LRE's site-plan for the 10-MW NJ Oak Solar project in nearby Cumberland County was approved.

In spite of New Jersey's limited insolation, New Jersey is an attractive location for solar projects. New Jersey has a renewable portfolio standard (RPS) that requires electricity suppliers serving retail customers in the state to include in the electricity it sells 22.5% qualifying renewables by 2021. The New Jersey Board of Public Utilities (BPU) has since increased the required separate percentage of solar electricity (2.12% by 2021), and in January 2010 the legislature revised the solar portion of the standard such that there is an ultimate goal of 5,316 GWh of solar generation in 2026.
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