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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

SaskPower Receives Approval for Carbon Capture Project

LCG, April 28, 2011--The Government of Saskatchewan approved construction of the C$1.24 billion Boundary Dam Integrated Carbon Capture and Storage (CCS) Demonstration Project, which is expected to capture approximately one million tonnes per year of carbon dioxide (CO2). Construction is scheduled to commence shortly, with operations to begin in 2014.

Rob Norris, minister responsible for SaskPower, stated, "This project will forge an environmentally sustainable path for the production of coal-fired electricity in Saskatchewan. By proceeding with the carbon capture project at Boundary Dam, while continuing to add wind power and investigating other renewable energy options such as biomass, SaskPower is helping to build a greener future for Saskatchewan."

The existing Boundary Dam Power Station, located near Estevan, is SaskPower's largest power generating facility and includes six, coal-fired units, with a total plant generating capacity of 824 MW. Unit 3 will be rebuilt to incorporate a carbon capture process that will reduce capacity from about 139 MW to 110 MW, given expected energy loads for the carbon capture process. Cansolv, a wholly owned subsidiary of Shell Global Solutions, will supply the carbon capture process, and Hitachi will supply the steam turbine.

SaskPower is pursuing the sale of the captured CO2 for enhanced oil recovery (EOR) projects, and captured sulphur dioxide may be sold for use in the manufacture of sulfuric acid.

The Boundary Dam Integrated CCS Demonstration Project has received C$240 million from the federal government, of which about C$180 million has been spent.
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