News and Insights

The Facebook parent company already backed fellow Houston-area geothermal company Sage Geosystems.

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.

XGS Energy has raised $13 million to expand its geothermal system, which doesn’t rely on underground water or cracked rock to generate power.

XGS Energy was featured in Latitude Media as California lawmakers increasingly support geothermal energy for its potential to deliver reliable, clean power—spotlighting innovations like XGS’s closed-loop system that can scale without relying on rare geology.

XGS Energy’s technology is featured in this piece by Alex Kaufman that analyzes the geothermal energy space and the recent growth spurt it has been experiencing.

XGS Energy is featured in this CleanTechnica piece by Tina Casey on how the Department of Defense is helping drive the geothermal energy industry forward.

XGS Energy, a geothermal technology innovator, has raised $13 million to fund its first pilot project on U.S. military land in California. Former nuclear industry leader Mano Nazar has joined XGS Energy’s board, highlighting the growing collaboration between geothermal and nuclear sectors in addressing clean energy demands.

CleanTechnica reporter Tina Casey shares the details around our latest funding round and how it will impact our commercialization efforts.

XGS Energy COO, Ghazal Izadi spoke with Saul Elbein at The Hill about our technology, the future of the geothermal industry and the need to increase the pace of well drilling.

Valo’s portfolio company XGS Energy enables fast, scalable geothermal development with its heat-harvesting technology, offering a firm renewable resource in just 12-18 months.