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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

NextEra Commissions Largest Concentrated Solar PV Project in North America

LCG, October 26, 2011--NextEra Energy Resources, LLC, a subsidiary of NextEra Energy, Inc., recently commissioned the Hatch Solar Center, located in Hatch, New Mexico. The 5-MW facility is now the largest concentrated photovoltaic solar facility operating in North America. The facility initially began operating in June, and the power generated is purchased by El Paso Electric under a 25-year power purchase agreement (PPA).

The Hatch Solar Center employs 84 Amonix 60-kW units and include dual-axis tracking systems to maximize energy production throughout the day. Amonix CEO stated, "The Hatch Solar Energy Center is in a prime sunny and dry location, perfect for Amonix technology, which generates more energy per acre than any other solar technology."

According to a recent presentation, NextEra Energy Resources has substantial wind and solar investments planned for 2011 through 2014 for which it has already secured long-term power purchase agreements, and its capital expenditures in 2011-2012 are estimated to be slightly higher for solar ($1.675 - $1.875 billion) than wind ($1.450 - $1.650 billion) projects.
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