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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

Opening Ceremony Held for the 576-MW Gwynt y Môr Offshore Wind Farm

LCG, June 19, 2015-The inauguration ceremony for the world's 2nd largest offshore wind farm, Gwynt y Môr, occurred yesterday, with an official dedication by Carwyn Jones, First Minister of Wales. The wind farm, located eight miles offshore in Liverpool Bay, includes 160 wind turbines with a combined electric generating capacity of 576 MW. The $3.3 billion wind farm investment is shared by RWE (60 percent) and its partners in Gwynt y Môr, Stadtwerke München (30 percent) and Siemens (10 percent).

Carwyn Jones, First Minister of Wales, stated, "Gwynt y Môr is a huge achievement and will continue to bring a number of benefits to the North Wales region. Local companies have been among those to benefit during construction and the site will bring high quality employment and opportunities for years to come. With young people receiving training as part of the wind turbine apprenticeship scheme at Grwp Llandrillo Menai and the courses offered at the college's Energy Centre in Llangefni, North Wales is the go-to place for those looking for a workforce skilled in the field of energy."

RWE AG's Chief Executive Officer said, "With today's inauguration we are now definitely playing in the Offshore Wind Champions League! Thanks to our German wind park Nordsee Ost, inaugurated only three weeks ago and now Gwynt y Môr offshore wind farm will become the third largest player in the European offshore market. The expansion of renewable energy is one of our main growth areas. We currently expect to invest over 1 billion Euro up to 2017 in growing renewables, with wind power at the forefront of that investment." The CEO of RWE Innogy, added, "At the end of this year 40 percent of our power generation from renewables will already come from offshore power production. Due to this increase in offshore capacity our operating result will see double-digit growth."

The Gwynt y Môr wind farm includes two offshore substations and over six miles of cables. The Siemens turbines have a capacity of 3.6 MW each, and the 160 steel monopile foundations were installed at water depths of over 90 feet. Each turbine rises approximately 500 feet above the mean sea level.

Siemens provided both turbines and sub-stations, along with financing and a 12-year Service and Warranty contract.
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