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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

We Energies to Close Pleasant Prairie Coal Plant in 2018

LCG, November 30, 2017--WEC Energy Group announced Tuesday that it will shut down the coal-fired, Pleasant Prairie electric generating facility in the second quarter of 2018. WEC Energy Group's Wisconsin operations include We Energies and Wisconsin Public Service.

The Pleasant Prairie facility, with a net electric generating capacity of 1,190 MW, has been a major source of power in Wisconsin. Its two units were installed in 1980 and 1985. However, low natural gas prices, increased energy delivered from growing wind farms, and minimal growth in demand for electricity have hurt the competitiveness and need for the power plant, which relies on coal from Wyoming's Powder River Basin.

We Energies also stated that it has plans to own and develop 350 MW of solar power by 2020.
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