XGS Energy

XGS Energy said its closed-loop geothermal system ran over 3,000 commercial hours at Coso, validating its Thermal Reach Enhancement (TRE) technology, a highly-conductive material that is pumped downhole as a liquid through perforations in the well casing to contact hot rocks. XGS reported record temperature differentials, model accuracy within 2%, and improved predictability for scalable, lower-risk geothermal projects.

XGS Energy is featured in the latest print edition of Data Center Dynamics Magazine, recognized for our closed-loop geothermal system supporting Meta’s data center operations in New Mexico.

The startup successfully operated a geothermal system for over 3,000 hours. The results should help it finance its first commercial deal: a 150-MW plant for Meta.

The company is vying to challenge Fervo for leadership in the next-generation geothermal market.

Venture capital firm VoLo Earth Ventures has closed its second fund at $135 million, expanding its backing for early-stage climate technologies despite a subdued fundraising landscape for both venture and climate-focused strategies.

Clean tech startup XGS Energy and Meta have announced a new partnership to develop a 150-megawatt (MW) advanced geothermal facility in New Mexico.

XGS Energy’s planned geothermal plant in northwestern New Mexico is “only a fraction of the broader opportunity” for the state, a company official said Monday, as it and others race