Meta bets on XGS Energy in second major geothermal deal
The Facebook parent company already backed fellow Houston-area geothermal company Sage Geosystems.
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Meta, XGS Energy announce plans to build geothermal site in New Mexico
XGS Energy and Meta Platforms Inc. announced Thursday plans to build a geothermal power plant in northwestern New Mexico, aiming to jumpstart the state’s geothermal industry as tech companies seek new energy sources for data centers and artificial intelligence growth.
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XGS Energy and Meta to Partner on 150 MW Advanced Geothermal Project
XGS Energy enters agreement with Meta to develop 150 MW of next-generation geothermal energy, expanding the frontiers of reliable, baseload geothermal energy
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Company secures $13 million to harness overlooked energy hiding beneath our feet: ‘Unlocking a new era’
XGS Energy has raised $13 million to expand its geothermal system, which doesn’t rely on underground water or cracked rock to generate power.
