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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

America's First Offshore Wind Farm Nearing Completion

LCG, August 18, 2016--The first offshore wind project in the United States is approaching completion off the coast of Rhode Island. The blades are now installed on four of the five turbines at the Block Island Wind Farm, and construction may be completed within a week. The 30-MW project is scheduled to commence commercial operations in early November.

The Block Island Wind Farm (BIWF) is located approximately 3 miles southeast of Block Island, Rhode Island. The $300 million BIWF project will consist of five, 6-MW wind turbines, a submarine cable interconnecting the turbines, and a submarine cable from the northernmost turbine to an interconnection point on Block Island. The five foundations were installed in 2015. Installation of the four inter-array cables connecting the five wind turbine foundations and the export cable connecting the wind farm to a new substation on Block Island was completed this summer.

Deepwater Wind is the developer of the BIWF project, and the company has more offshore wind projects planned. Last month Long Island Power Authority (LIPA) announced that it had selected Deepwater Wind to install a 90-MW offshore wind farm approximately 30 miles east of Montauk, New York. LIPA's CEO stated that construction could be expedited and commercial operations could commence by the end of 2022.

The Governor of New York stated that the 90-MW project will "help achieve the state's ambitious goal of supplying 50 percent of our electricity from renewable energy by 2030."

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