Skip to main content

XGS Raises $20 Million For US Geothermal Pilot Project

"Revolutionizing Energy: The Geothermal Breakthrough Shaking Up California"

By :Robert Buluma

In the sun-drenched landscapes of California, where solar panels gleam and wind turbines dance, a quiet revolution is underway, and it's not fueled by rays or gusts—it's powered by the Earth itself.

Meet  XGS Energy, a trailblazing geothermal technology company on the brink of changing the energy game as we know it. With a recent infusion of USD 20 million in funding, they're poised to unleash their groundbreaking Thermal Reach Enhancement (TRE) technology onto the world stage, starting with a pioneering project right here in the Golden State.

Imagine a future where clean, renewable energy flows effortlessly, not just when the sun shines or the wind blows, but around the clock, rain or shine. That's the promise of XGS' innovative approach, tapping into the Earth's natural heat reservoirs to deliver a consistent, carbon-free energy supply.

But this isn't your typical geothermal setup. XGS' system is a marvel of engineering, designed to overcome the hurdles that have held geothermal back from reaching its full potential. By harnessing the power of thermally conductive materials, they're able to unlock 24/7 energy independence without relying on vast amounts of water—a game-changer in a world where water scarcity is a growing concern.

Josh Prueher, XGS' visionary CEO, envisions a future where geothermal stands shoulder-to-shoulder with solar, wind, and battery storage, providing a reliable backbone for our increasingly electrified world. And with backers like Valo Ventures and VoLo Earth Ventures leading the charge, it's clear that the energy industry is taking notice.

But XGS isn't stopping at California. Their sights are set on a global scale, with projects slated for the Western US, Japan, and the Philippines. It's a testament to their ambition and their belief in the transformative power of geothermal energy.

So, as solar panels glisten in the California sun and wind turbines spin on the horizon, remember that beneath our feet lies a boundless source of clean, renewable energy, waiting to be tapped. Thanks to XGS Energy, the future of energy is looking brighter—and greener—than ever before.

Geothermal has been receiving the attention it deserves With many companies investing in this vital resource With Zanskar being the most recent alongside this Carlifornian piece of art

Connect with us:Alphaxioms

Source:Finsmes , renewablesnowus

Labels:

Comments

Post a Comment

Popular posts from this blog

Pertamina Geothermal Energy,GDC and AGIL to develop 200 MW Suswa ,Narok Geothermal Field

Pertamina Geothermal Energy, GDC, and AGIL Agree to Accelerate Development of 2 Geothermal Fields in Kenya By: Robert Buluma Nairobi, Kenya, March 8, 2024 – PT Pertamina Geothermal Energy Tbk (PGE) has reached an agreement with Kenya's geothermal development companies, Geothermal Development Company Ltd. (GDC), and Africa Geothermal International Ltd. (AGIL), to expedite the development of geothermal fields in the African nation. Exploration of two geothermal fields in Kenya, developed by PGE along with its partners, is expected to commence in 2024. In high-level discussions held at GDC's headquarters in Nairobi on Wednesday (3/6/2024), PGE and GDC discussed the support from the Kenyan government in accelerating the geothermal field development project in Suswa, a volcanic area located in Narok, Kenya. GDC is a government-owned geothermal developer in Kenya. The PGE delegation, led by President Director Julfi Hadi and accompanied by PGE's Director of Exploration and Develop
Post a Comment
Read more

Polands Geothermal Wells hits 5km depth Eyeing a 7Km Threshold

Geothermal Milestone Reached: Banska PGP-4 Well in Szaflary, Poland Hits 5-Kilometer Depth By : Robert Buluma In a significant development for geothermal energy enthusiasts, drilling operations at the Banska PGP-4 well in Szaflary, Poland have reached a depth of 5 kilometers, marking a major milestone in the project's progress towards its 7-kilometer target. Since its inception, the ambitious geothermal drilling project in Szaflary has been making steady strides. As of the end of 2023, the well has successfully reached a depth of 5000 meters, uncovering promising results along the way. Notably, the well has tapped into a sizable reservoir boasting temperatures of 120 °C. The drilling will persist until it reaches the targeted depth of 7000 meters, where another aquifer is anticipated. The entire drilling endeavor is slated for completion within the first quarter of 2024. Initiated in 2019, the plans to drill a 7-kilometer geothermal well in Podhale, Szaflary aimed at gathering cruc
Post a Comment
Read more

Eavor Goes Deeper in Geretesried In Search For Geothermal

Revolutionizing Energy Production: The Birth of Eavor Technology in Geretesried By: Robert Buluma In the picturesque town of Geretesried, nestled in the heart of Germany, a groundbreaking project is underway that promises to reshape the future of energy production as we know it. Welcome to the world of Eavor Technology – where innovation meets sustainability in a bid to tackle the pressing challenges of climate change and energy security. Imagine a technology that harnesses the Earth's natural heat to generate both electricity and warmth without emitting harmful greenhouse gases. Sounds like science fiction? Well, it's not. Thanks to the relentless efforts of visionaries and engineers, the world's first Eavor loop for heat and electricity is currently under construction right here in Geretesried. At the forefront of this remarkable endeavor is the ambitious drilling project that has reached an astonishing depth of 7000 meters beneath the Earth's surface. Achieving such
Post a Comment
Read more