News and Insights

XGS Energy mentioned in a national financial outlet’s piece about how geothermal is on the brink of a renaissance.

A bipartisan permitting reform package remains elusive on Capitol Hill, but one underground energy source could help the effort pick up steam: geothermal energy.

To meet surging power demand, the US needs to leverage all sources of energy with a laser focus on efficiency, reliability and affordability, not least if it’s going to win the AI race too.

The US should adhere to President Donald Trump’s call to ‘drill baby, drill’ – but for geothermal energy, rather than traditional fossil fuels, ESG analyst Coco Zhang has said.

A new piece from KUNM spotlights the state’s 163 GW geothermal resource, ranking #6 in the U.S., according to Project InnerSpace, New Mexico Institute of Mining and Technology and New Mexico Bureau of Geology & Mineral Resources.

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.