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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

NRC Approves License Extension for PSEG Nuclear's Hope Creek Generating Station

LCG, July 21, 2011--The U.S. Nuclear Regulatory Commission (NRC) yesterday approved PSEG Nuclear's request to extend the original, 40-year operating license for Hope Creek Generating Station an additional 20 years. With the extension, the 1,216-MW nuclear power plant will be licensed through 2046. PSEG Nuclear filed its request to extend the license nearly two years ago in August 2009.

The NRC approved at the end of June a similar, 20-year extension for PSEG's adjacent Salem Generating Station Units 1 and 2 through 2036 and 2040, respectively. Salem Units 1 and 2 each have a net generating capacity of approximately 1,175 MW. PSEG's three nuclear units provide a significant quantity of base load, carbon-free electricity to consumers in the area.

PSEG Nuclear continues to pursue constructing another nuclear plant in Salem County. In May 2010, the company filed an application for an early site permit (ESP) and expects an NRC decision by the end of 2013.
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