Ormat Technologies Co-Leads $97M Series B in Sage Geosystems: A Defining Moment for Next-Generation Geothermal The global geothermal sector has just crossed another strategic inflection point. On January 21, 2026, Ormat Technologies Inc. (NYSE: ORA),one of the world’s most experienced and vertically integrated geothermal companies,announced a $25 million equity investment as co-lead in an over $97 million Series B funding round for Sage Geosystems Inc., a fast-rising pioneer in next-generation geothermal and energy storage technology. The funding round was co-led by Ormat Technologies and Carbon Direct Capital,signaling not just financial confidence, but deep industrial and climate-aligned convictionn Sage’s technological pathway. More importantly, this investment is tightly coupled with an existing commercial agreement between Ormat and Sage, marking a rare alignment of capital, technology, and deployment readiness in the geothermal industry. For Alphaxioms, this announcement is not m...
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