XGS Energy Secures $19M in Financing and Adds Industry
PALO ALTO, Calif.–(BUSINESS WIRE)–XGS Energy, a leader in geothermal energy technology, announced today that it has secured $19M in financing, including a $14M Series A led by Anzu Partners.XGS Energy will use this funding to develop its geothermal heat harvesting technology. Initially founded as Geothermic Solution LLC, the company has changed its name to XGS
XGS Energy Acquires Premier Geothermal Drilling Services
PALO ALTO, Calif.–(BUSINESS WIRE)–XGS Energy, an innovator in geothermal energy technology and project development, today announced that it has acquired Capuano Engineering Company, a global leader in geothermal drilling and completion services.With the additional expertise of Capuano Engineering Founder, President, and CEO Louis (Lou) Capuano, Jr. and
Renewables Now: Geothermal tech firm XGS Energy optimistic on
Renewables Now: Geothermal tech firm XGS Energy optimistic on US cost target. XGS Energy, a developer of geothermal heat harvesting technology based in Palo Alto, California, says that the demand for 24/7 clean energy is enormous and urgent, and is optimistic that the US cost target for next-generation geothermal systems can be achieved.
XGS Energy · Valo Ventures
Q & A with XGS Energy What motivated you to create the company? XGS was founded to address two challenges preventing legacy geothermal from scale: (1) "hard to find," due to dependence on a rare combination of hot rock, right geology, and abundant water resource, and (2) "hard to finance," due to unpredictable long-term performance and operating cost. The
XGS Energy Company Profile 2024: Valuation, Funding
XGS Energy General Information Description. Developer of a geothermal power technology designed to bring competitively priced renewable energy to the world. The company is capable of producing energy that is clean, green, climate-friendly, affordable, and available anywhere, enabling clients to safely harvest geothermal heat and power from deep earth formations
Geothermal Innovator XGS Energy Completes Oversubscribed
PALO ALTO, Calif.– (BUSINESS WIRE)–XGS Energy, an innovator in next-generation geothermal energy technology, today announced that it has completed $20 million in additional Series A financing.The final close was led by Valo Ventures and VoLo Earth Ventures, and included financing from new investors B Current Impact Investment, MIH Capital, and
Infographic: Next-generation technologies set the scene
Geothermal is one of the fastest growing non-mainstream clean energy technologies. The conventional technologies for generating power and heat from geothermal has limitations in many aspects especially geographical factors and geological properties only in areas with enough underground heat source. / News and Insights / By XGS
DOE Unveils Roadmap for the Next Generation of Geothermal Power
DOE Unveils Roadmap for the Next Generation of Geothermal Power. New Report from the "Pathways to Commercial Liftoff" Series Highlights Geothermal Energy''s Potential to Increase Production Twentyfold While Advancing the Clean Energy Transition
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08/26/2024 – XGS Energy
XGS Energy today announced that Axel-Pierre Bois, Ph.D., has been promoted to Chief Technology Officer (CTO) and Lucy Darago, Ph.D., has been promoted to Chief Commercial Officer (CCO) XGS Energy promotes Dr. Axel-Pierre Bois to CTO and Dr. Lucy Darago to CCO Read More »
Latest company news and industry updates from XGS
Explore the latest headlines and perspectives from XGS Energy. All. Categories. x. News and Insights 15. Press Release 9. Sort. x. Sort by title. Sort by publication date. Energy News and Trends. Discover more about geothermal
Hot Rock Slurry: Developer of Emerging Geothermal Tech
Hot Rock Slurry: Developer of Emerging Geothermal Tech Readies for Field Tests. Backed by more than $28 million in fresh investments, XGS Energy is prepping to introduce a new technology called thermal reach enhancement.
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The Site is offered by XGS Energy, Inc., located at 2479 East Bayshore Road, Suite 210, Palo Alto, CA 94303. You may contact us by sending correspondence to that address or by emailing us at [email protected]. (g) Notice to California Residents. If you are a California resident, under California Civil Code Section 1789.3, you may contact the
XGS Energy
She brings a wealth of expertise to XGS Energy, which she cultivated as former global lead of unconventionals and geothermal at Baker Hughes. SVP, TECHNOLOGY. Axel-Pierre Bois. With expertise in advanced geomechanics spanning more than 30 years, Axel leads the GeoHeat TM Harvester technology team. His experience includes founding and leading
Careers – Work at XGS Energy – XGS Energy
XGS offers a comprehensive employee benefits package, including: Medical, Dental, and Vision Coverage; 401(k) Matching; Unlimited PTO; Family & Medical Leave; Open Positions. Explore our current job openings below. If you''re
XGS Energy promotes Dr. Axel-Pierre Bois to CTO and Dr. Lucy
XGS Energy promotes Dr. Axel-Pierre Bois to CTO and Dr. Lucy Darago to CCO. XGS Energy today announced that Axel-Pierre Bois, Ph.D., has been promoted to Chief Technology Officer (CTO) and Lucy Darago, Ph.D., has been promoted to Chief Commercial Officer (CCO) / Press Release / By XGS
XGS Energy at CERAWeek 2024: Solving Geothermal''s Financing
XGS Energy at CERAWeek 2024: Solving Geothermal''s Financing Problem. Despite the huge potential of geothermal energy, two challenges, (1) ''hard to find'' and (2) ''hard to finance,'' have limited geothermal scale to date. / News and Insights / By XGS Post navigation.
Santa Rosa geothermal firm Capuano Engineering bought by XGS Energy
XGS Energy recently closed $20 million to start a large geothermal energy demonstration project as more energy companies look to use this method as a way to create clean,
XGS – XGS Energy
XGS Energy, a developer of geothermal heat harvesting technology based in Palo Alto, California, says that the demand for 24/7 clean energy is enormous and urgent, and is optimistic that the US cost target for next-generation geothermal systems can be achieved.
XGS Energy Appoints Energy Industry Veteran Josh Prueher as CEO
XGS Energy has appointed energy industry veteran Josh Prueher as its new CEO. (Photo: Business Wire) PALO ALTO, Calif.–(BUSINESS WIRE)–XGS Energy, a leader in geothermal energy technology, has appointed Josh Prueher as its new CEO.Josh brings a wealth of experience in scaling early-stage energy technology companies.
Breaking Ground On Next-Generation Geothermal Energy – XGS Energy
Breaking Ground On Next-Generation Geothermal Energy. The United States has been gifted with an abundance of clean, firm geothermal energy lying below our feet – tens of thousands of times more than the country has in untapped fossil fuels. / News and Insights / By XGS
Geothermal Tech Company XGS Energy Raises $20
Clean energy company XGS Energy announced today that it has raised $20 million, with proceeds aimed at accelerating the commercialization of its water-saving and low-cost geothermal technology. California-based XGS
Geothermal startups are suddenly raising a lot of money
Geothermal startups are suddenly raising a lot of money. At least six companies — including the latest, XGS Energy — looking to revitalize geothermal have closed financing rounds in the past six months.
XGS Energy Secures $9.7M in New Financing Led by Constellation
PALO ALTO, Calif.–(BUSINESS WIRE)–XGS Energy, an innovator in next-generation geothermal energy technology, today announced that it has raised an additional $9.7 million.The round was led by Constellation Technology Ventures, with BlueScopeX and Thin Line Capital, as well as individual inside investors.This new financing will accelerate XGS'' North American prototype