XGS Energy’s Post

Bolstered by $20 million in new financing, XGS is making significant strides towards delivering 24/7 carbon-free energy to the grid. Zero-emissions power is one of the most important policy goals for the 21st century, and with geothermal making up just 0.4% of America’s electricity generation, there’s enormous opportunity for innovation and growth. From XGS’s new conduction methods that make energy production more efficient and predictable, to machine learning to make exploration easier, it’s an exciting time to be in geothermal. And as Latitude Media points out, geothermal technologies receiving funding are complementary, creating even more momentum for the whole sector. Read on to find out more. #geothermal #VC #renewableenergy #geothermalenergy #venturecapital #energy #cleantech

2024 was a banner year for geothermal energy thanks to a handful of startups, including Moyer Strategies client Eavor Technologies Inc., that are developing new technology to access the nearly limitless source of clean, carbon free energy beneath the Earth's surface. Read more about geothermal's breakthrough year in today's story from Canary Media Inc.

Forward momentum

Strategic thinking

Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on natural gas.

⚡ The demand for round-the-clock reliable energy has never been greater, especially as AI and data centers grow to unprecedented scales. In a recent piece by Mrinalika Roy at Reuters, Sage Geosystems CEO Cindy D. Taff highlights how geothermal energy offers a sustainable solution to meet these growing energy needs. Geothermal stands out by providing carbon-free, always-available energy. We’re proud to develop innovative geothermal and energy storage solutions that align with this vision, helping power the technologies of tomorrow while safeguarding our planet. 🌍 #GeothermalEnergy #SustainableFuture #AI #EnergyInnovation #SageGeosystems

Geothermal Energy Startups Give Hope for Energy Hungry Big Tech Geothermal energy startups are gaining momentum as Big Tech companies, including Meta and Alphabet's Google, explore clean energy solutions to meet the rising energy demands of their AI-driven data centers. News: https://qrcd.org/7gvC #Geothermalenergystartups #BigTechcompanies #AIdrivendatacenters #geothermalelectricity

When I started working on geothermal at NREL, I had no idea which way was up. It was a brand new field to me. And while there was great information out there, you really had to dig to find it. It's an experience a lot of folks new to geothermal share -- but hopefully no longer! The U.S. Department of Energy (DOE) and the National Renewable Energy Laboratory recently launched GeoBridge, a new web portal that provides easy access to info on a wide range of #geothermal topics. Get connected to geothermal circles, find geothermal degree programs, identify startup opportunities, and more by visiting GeoBridge or by joining the launch webinar on Dec. 3 at 12 p.m. ET. Register for the webinar: https://lnkd.in/g8FwasCc Explore GeoBridge: https://lnkd.in/gh8EqZCw

Fervo Energy, a leader in geothermal advancement, secures $255 million in funding for constructing the world's largest Enhanced Geothermal Systems (EGS) power development, with support from prominent investors like Breakthrough Energy Ventures, CalSTRS, and others. The company's first project, Cape Station, is fully permitted for 2 GW and is anticipated to begin generating electricity in 2026. Fervo Energy is a pioneering company in the field of geothermal energy development, focusing on the creation of next-generation geothermal projects that provide continuous, carbon-free energy around the clock. With recent success in securing $255 million in funding, Fervo is well-positioned to advance its work on the world's most extensive Enhanced Geothermal Systems (EGS) power developments. The funding was obtained from various investors, including corporate equity and new debt financing. Among these investors are prominent entities such as Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments | Investissements RPC, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabancı Climate Ventures. The company's mission is to address the increasing global demand for unceasing, carbon-free energy by constructing substantial projects that will be operational before the end of the current decade. Factacy.ai Congratulates and wishes them well. #innovation #management #digitalmarketing #technology #creativity #futurism #startups

🌍 Notable Geothermal Startups to Know in 2025 🌋 Despite living on a planet with immense heat just beneath the surface, geothermal energy remains an underutilized resource. Startups are now working to change that by making geothermal more accessible and cost-effective through innovative technologies like closed-loop systems, AI-driven site selection, and advanced drilling techniques. From powering data centers to providing consistent renewable energy, these efforts could make geothermal a key part of the clean energy transition. Here's 5 geothermal startups to watch for in 2025: 1. Fervo Energy 2. Eavor Technologies Inc. 3. Quaise Energy 4. Sage Geosystems Inc. 5. Zanskar Geothermal & Minerals, Inc. #GeothermalEnergy #RenewableEnergy #CleanTech #ClimateTech