On January 21, 2026, Sage Geosystems, the company pioneering Pressure Geothermal, 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 and Carbon Direct Capital 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.

The Series B funding follows the company’s strategic commercial agreement with Ormat, which aims to accelerate the time needed to bring Pressure Geothermal to market and scale up to meet rising demand for firm power and energy independence.

Wilson Sonsini Goodrich & Rosati advised Sage on the Series B funding and the strategic agreement with Ormat. The Wilson Sonsini team that advised Sage on the Series B funding includes Brian Dillavou, Kimball Smith, Adam Enochs, and Margaret LaMore. The Wilson Sonsini team that advised Sage on the strategic commercial agreement with Ormat was Brian Dillavou, Jennifer McGrew, Peter Mostow, and Nadia Senter.

For more information, please see Sage's news release. Additional coverage can be found on ThinkGeoEnergy.