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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

British Government Approves Huge Offshore Wind Project

LCG, June 19, 2014-The British Department of Energy and Climate Change (DECC)announced yesterday that it has approved the construction of the East Anglia ONE offshore wind farm. The project will be built off the coast of Suffolk and cover an area of approximately 300 square kilometers. The wind farm will include up to 325 turbines that will provide for an installed capacity of 1,200 MW. Construction is scheduled to commence in 2017, with electric generation to start by 2019.

The East Anglia ONE project is a joint venture between Scottish Power Renewables, a subsidiary of Spanish energy firm Iberdrola, and Sweden's state-owned utility Vattenfall.

The initial project plan is to install 240 wind turbines. The project also calls for up to three offshore collector stations, as well as up to two offshore converter stations and their foundations to collect the electricity from the turbines and transform it to a form suitable for transfer to shore. Up to four seabed export cables, each around 73 km in length, will transfer the electricity to shore. An onshore converter station adjacent to the existing substation at Bramford, Suffolk, will connect the offshore windfarm to the National Grid.
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