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News
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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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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
Trans-Elect Files Application for Atlantic Wind Connection Project
LCG, December 22, 2010--Trans-Elect filed on Monday with the Federal Energy Regulatory Commission (FERC) for approval to construct an off-shore, electric transmission project along the Mid-Atlantic coast from New Jersey to Virginia to connect off-shore wind farms to the transmission grid.
Trans-Elect, the developer, estimates the project cost to be approximately $5 billion. The target schedule for the project is to receive regulatory approvals and project funding by 2013. Construction could then commence, with the first phase of construction completed in 2016 and the entire, 350-mile project completed by 2020.
As proposed, the project will connect 6,000 MW of offshore wind turbines to the existing transmission grid at four interconnection sites, ranging from near Norfolk, Virginia up to Delaware, plus interconnections in southern and northern New Jersey.
The project will employ High Voltage Direct Current (HVDC) technology to create the off-shore, transmission backbone. The project is designed to be scalable so that it can be expanded to receive energy from additional off-shore wind projects.
Trans-Elect requested a return on equity of 13.58 percent.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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