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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's 20-MW Project Commences Power Generation

LCG, September 1, 2011--NRG Solar, a subsidiary of NRG Energy, Inc., commenced power production at its Roadrunner Solar Generating Facility, a 20-MW photovoltaic (PV) project built in southern New Mexico. The renewable power generated by the facility will be sold to El Paso Electric under a 20-year power purchase agreement (PPA). NRG Solar started construction in December 2010.

The Roadrunner Solar Generating Facility is located on a 210-acre site about 10 miles from El Paso, Texas. The facility employs First Solar's thin-film PV modules, which are mounted on single-axis trackers to follow the sun throughout the day in order to increase power production. First Solar provided engineering, construction and procurement services and will also be the operations and maintenance contractor for the facility.

The President of NRG Solar stated, "On the heels of our recent commencement of operations at the Avenal Solar Generating Facility in California we now have our first solar facility operating in New Mexico, signaling that our diligent labors last year are starting to bear fruit."

New Mexico passed a Renewable Portfolio Standard (RPS) in 2007 that requires investor-owned utilities (IOUs) to generate 20 percent of total retail sales from renewable energy resources by 2020, with near-term targets of 10 percent by 2011 and 15 percent by 2015. In addition, the RPS establishes a standard for rural electric cooperatives of 10 percent by 2020.
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