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Sage Geosystems raised over $97 million in Series B funding, co-led by Ormat Technologies and Carbon Direct Capital, to deploy its first commercial Pressure Geothermal power generation facility at an existing Ormat power plant. The facility will utilize proprietary technology to extract geothermal heat from hot dry rock, providing carbon-free power.

Sage's partnership with Ormat aims to accelerate commercialization and meet increasing demand for firm power and energy independence. The funding round included new investors SiteGround Capital and UC Berkeley Foundation's Climate Solutions Fund, alongside existing backers. Sage also announced a partnership with Meta to deliver up to 150 MW of geothermal baseload power to support its data center operations.