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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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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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Industry News

Florida Governor Approves New Nuclear Reactors at FPL's Turkey Point Power Plant

LCG, May 15, 2015-The Governor of Florida and the State Cabinet approved the request from Florida Power & Light Company (FPL) to install two new nuclear reactors at the company's Turkey Point Plant, located approximately 25 miles south of Miami, Florida. The project approved includes nearly 90 miles of transmission lines in Miami-Dade County. The approval is an important step forward to provide FPL the option to construct the non-carbon emitting reactors.

FPL continues to seek approval for the site, construction and operation from the United States Nuclear Regulatory Commission (NRC). FPL submitted its application to the NRC for a combined license (COL) for two Westinghouse Advanced Passive 1000 (AP1000) Pressurized Water Reactors (PWRs) in June 2009.

FPL has not decided to construct the two, 1,100-MW reactors, and the operational dates for the reactors would likely not be until approximately 2022 and 2023.

The existing Turkey Point Plant includes two natural gas/oil conventional steam units (Units 1 and 2), two nuclear units (Units 3 and 4), one combined cycle natural gas unit (Unit 5), and nine small diesel generators.
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