News and Insights

With proposed bipartisan investments aimed at accelerating economic diversification, New Mexico has a unique opportunity to attract, build, and scale next-generation energy projects. XGS is proud to contribute to that growth, proving that utility-scale geothermal can power communities, strengthen the grid, and drive long-term economic impact where innovation begins.

French tubular solutions provider Vallourec (EPA:VK) has entered a strategic supply chain partnership with US geothermal technology company XGS Energy to support a multi-gigawatt pipeline of next-generation geothermal projects across the western United States.

Tubular solutions provider Vallourec has signed a supply chain partnership with developer XGS Energy (XGS) which will support the 3-GW pipeline of commercial geothermal projects of XGS across the western United States.

The New Mexico State Investment Council’s newly released report highlights the Strategic Venture Capital Program’s success in driving major economic impact in the state. XGS Energy is featured as a key company supported through SIC-backed venture funds, with its partnership to develop a next-generation geothermal power project in New Mexico cited as a standout example of how strategic capital is attracting high-impact clean energy investment to the region.

The U.S. Department of Energy (DOE)’s 2025 Geothermal Market Report validates what XGS is already delivering: geothermal is moving beyond the limits of conventional systems, backed by policy momentum, private capital, and new technologies validated at commercial scale.

Governor Michelle Lujan Grisham discusses New Mexico’s economic development, highlighting XGS Energy’s $1.2 billion partnership to advance geothermal energy and create jobs across the state.

Strategic capital in New Mexico is backing proven climate tech and XGS is proud to be part of it. Backed by Anzu Partners, XGS’s water independence lets us develop projects across the arid U.S. west, with our Meta project serving as a critical first step to unlocking the 160 GW of next-generation geothermal potential in New Mexico.

XGS CEO Josh Prueher, speaks with Renewable Energy Magazine sharing how XGS is breaking past the limits of conventional geothermal systems.

XGS featured on NPR’s Here & Now from WBUR, digging into how XGS is unlocking the vast geothermal potential of New Mexico and beyond with our water and geology independent system.

Insights from XGS CEO Josh Prueher are featured in a Data Center Dynamics piece exploring how geothermal is powering hyperscaler ambitions as energy demand from AI continues to rise.