Ormat Technologies announced a $25M equity investment in Sage Geosystems as part of a Series B funding round exceeding $97M. The American company co-leads this operation with Carbon Direct Capital. These funds will support the development of geothermal power generation and energy storage solutions, as well as the construction of Sage’s first commercial next-generation geothermal facility, according to data released by Ormat.
Ormat Technologies Invests $25M in Sage Geosystems to Develop Advanced Geothermal Technology
Geothermal specialist Ormat co-leads a funding round exceeding $97M alongside Carbon Direct Capital. The agreement includes piloting a proprietary technology at an existing power plant.
