Ormat Technologies Inc. has announced a $25 million equity investment as part of a more than $97 million Series B funding round in Sage Geosystems Inc., a company specializing in next-generation geothermal and energy storage technology. Ormat and Carbon Direct Capital co-led the financing, which will support Sage's development of its first commercial next-generation geothermal facility. As part of the agreement, Sage will pilot its proprietary Pressure Geothermal technology at an Ormat power plant, and Ormat will have the right to develop, build, own, and operate geothermal power plants and energy storage projects using Sage’s technology upon successful completion of the pilot. The investment marks a milestone in Ormat’s strategy to expand its Enhanced Geothermal Systems portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ormat Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9629592-en) on January 21, 2026, and is solely responsible for the information contained therein.