01/21/2026
Today, we announced the closing of over $97 million in Series B funding to accelerate Pressure Geothermal, our next-generation geothermal power generation and energy storage solution, and our first commercial power generation project.
This round, co‑led by Ormat and Carbon Direct Capital, marks a major milestone at Sage Geosystems.
Our first commercial power generation project will be built at an existing Ormat power plant, where Sage’s proprietary Pressure Geothermal technology will transform hot, dry rock into reliable, affordable, carbon‑free energy.
As demand for firm power grows, especially to support AI and data center expansion, our Pressure Geothermal offers a new path forward:
⚡ Commercial and scalable baseload power
🌎 Widely deployable - over 130 times more geothermal resource potential in the U.S. alone
🔋 Capable of both power generation and long‑duration energy storage
This round also includes support from new and existing investors who recognize both the urgency of the energy transition and the opportunity for geothermal to play a central role.
Thank you to our partners, investors, and team for helping us take this transformative step toward redefining what geothermal can be.
