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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 York Governor Looks for Options to Indian Point

LCG, September 27, 2011--New York Governor Andrew Cuomo believes that the carbon-free power generated by Indian Point Energy Center, a nuclear power plant located on the Hudson River about 24 miles north of New York City, can be replaced by other electric generating sources.

Following the earthquake and tsunami in Japan last March and the subsequent issues at the Fukushima Nuclear Power Plant, nuclear plants in the United States, especially those located near large population centers, have been under increased scrutiny.

The Governor recently stated, "There is no doubt that we need replacement power if we are to close Indian Point. There is also no doubt that we can find it....We can retrofit old plants, we can site new plants, we can improve transmission lines. So if we want to find replacement power, we can."

The Indian Point Energy Center, owned by Entergy, includes two nuclear units with a combined generating capacity of 2,069 MW. The 40-year operating licenses for the two units are scheduled to expire on September 28, 2013 and December 15, 2015, respectively, and Entergy has applied for 20-year extensions for both units.
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