Articles from XGS Energy

Vallourec, a world leader in premium tubular solutions for the energy industry, and XGS Energy (“XGS”), a developer of next-generation geothermal systems, today announced a strategic supply chain partnership as XGS executes on a three gigawatt pipeline of commercial geothermal projects across the western United States.

XGS Energy, a developer of next-generation geothermal power projects leveraging a proprietary water-independent technology system, today announced the successful operation of its geothermal system at commercial scale for over 3000 hours, proving commercial economics. XGS is the first company to demonstrate a water-independent geothermal system at commercial conditions and scale. Operations were completed at the Coso geothermal field owned by Atlantica Sustainable Infrastructure and operated by Coso Operating Company, located in the Western Mojave Desert region of California.

XGS Energy, an innovator in geothermal energy technology and project development, 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). The move comes as XGS continues to build its project pipeline and significantly expands its operational footprint in Houston, Texas.

XGS Energy, a developer of next-generation geothermal power projects leveraging a proprietary water-independent technology, today announced that it has closed $13 million in new financing. The over-subscribed round included new investors Aligned Climate Capital, ClearSky, ClimateIC, and WovenEarth Ventures, in addition to inside investors. This financing builds on a round led by Constellation Technology Ventures, VoLo Earth Ventures, and Valo Ventures in 2024.

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 team, XGS will advance its proprietary closed-loop heat-harvesting technology to the field and deliver next-generation geothermal projects across the globe.

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 individual inside investors, as well as additional funding from existing investor Thin Line Capital. This new financing builds on the $9.7 million round led by Constellation Technology Ventures earlier this year, and the $14M Series A investment led by Anzu Partners.

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 demonstrating its proprietary Thermal Reach Enhancement™ (TRE) geothermal technology at full commercial scale.

XGS Energy, a leader in geothermal energy technology, today announced the expansion of its leadership team with the appointments of Axel-Pierre Bois, Ph.D. as Senior Vice President, Technology and Lucy Darago, Ph.D. as Vice President, Strategy.

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. His expertise in leading companies from technology development to commercialization will accelerate the deployment of XGS geothermal energy technology globally.

XGS Energy (XGS), a leader in advanced geothermal energy technology, recently promoted Ghazal Izadi, Ph.D., to Chief Operating Officer (COO).

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 Energy, Inc.