XGS

Despite the huge potential of geothermal energy, two challenges, (1) ‘hard to find’ and (2) ‘hard to finance,’ have limited geothermal scale to date.

New Report from the “Pathways to Commercial Liftoff” Series Highlights Geothermal Energy’s Potential to Increase Production Twentyfold While Advancing the Clean Energy Transition

Backed by more than $28 million in fresh investments, XGS Energy is prepping to introduce a new technology called thermal reach enhancement.

XGS is the third geothermal startup to raise cash this year, as the industry looks to overcome drilling costs and geography.

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.

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.