News and Insights

XGS’s Lucy Darago sits down with POWER Magazine’s Darrell Proctor to discuss next-generation geothermal technology, the role of oil and gas innovation in scaling deployment, and the policy and market forces driving industry growth.

XGS Energy is developing a closed-loop geothermal system that generates reliable, carbon-free power without relying on natural underground water. By unlocking geothermal energy in previously unusable locations, the company is expanding the reach of this always-on energy source. Its approach positions XGS as a key innovator in scaling dependable clean power for the future grid.

XGS Energy has signed a GEODE agreement with California Community Power to support 115 MW of geothermal development in California. The collaboration highlights growing demand for clean, reliable baseload power and reinforces XGS’s ability to deliver with its water-independent technology.

S&P Global highlights the growing role of clean, firm energy in meeting rising power demand, with geothermal emerging as a reliable, always-on solution for utilities and data centers. Drawing on insights from XGS Chief Commercial Officer Lucy Darago, the piece spotlights the company’s New Mexico project as a leading example of next-generation geothermal and underscores the technology’s potential to deliver consistent, carbon-free power at scale.

XGS Energy is redefining geothermal power with a proprietary solid-state system that uses thermally conductive materials to deliver affordable, reliable energy anywhere hot rock exists. Ranked No. 7 in Fast Company’s energy category, XGS is scaling a water-independent solution that expands where geothermal can be deployed.

POWER Magazine explores the global rise of geothermal energy and next-generation technologies, featuring insights from across the industry, with XGS’s Lucy Darago highlighting the significance of the company’s 150-MW New Mexico project and broader development across the U.S. West for scaling firm, next-generation geothermal deployment.

XGS Energy has partnered with Baker Hughes to advance a geothermal project in New Mexico that will supply power to Meta’s data center operations. The collaboration combines XGS’s closed-loop geothermal technology with Baker Hughes’ subsurface and well engineering expertise. The project highlights growing demand for scalable geothermal solutions to support large energy users.

XGS Energy has selected Baker Hughes to provide services for its planned 150 MW geothermal project in New Mexico. The collaboration will leverage Baker Hughes’ well construction and subsurface capabilities alongside XGS’s closed-loop geothermal technology. The agreement supports the continued development and deployment of XGS’s advanced geothermal systems.

XGS Energy has announced a collaboration with Baker Hughes to advance a 150 MW geothermal power project in New Mexico. The partnership brings together XGS’s closed-loop geothermal technology and Baker Hughes’ subsurface expertise to support project development and execution. The initiative marks a key step in scaling next-generation geothermal projects in the United States.

XGS Energy has been named to TIME’s America’s Top GreenTech Companies of 2026, a prestigious list developed in partnership with Statista that evaluates more than 3,500 companies on environmental impact, innovation, and financial strength.