XGS Energy Acquires Capuono Engineering Geothermal Service Company To Bolster Its Grip

XGS Energy Acquires Premier Geothermal Drilling Services Company Capuano Engineering

In a bold move set to redefine the geothermal energy landscape, XGS Energy has announced the acquisition of Capuano Engineering, a leading global player in geothermal drilling and completion services. This strategic acquisition positions XGS Energy to expand its innovative geothermal technology on a global scale, leveraging Capuano Engineering's extensive expertise and experience in the field.

A Leap Forward in Geothermal Technology

XGS Energy , based in Palo Alto, California, has been at the forefront of geothermal energy innovation. Their proprietary Thermal Reach Enhancement (TRE) system uses materials that are 50 times more thermally conductive than rock, enabling high-efficiency closed-loop geothermal systems. Unlike conventional geothermal technologies that require specific geological conditions and access to water reservoirs, XGS’s technology can be deployed anywhere, offering unprecedented geographic flexibility.

The Power of Expertise

The acquisition brings onboard Lou Capuano, Jr., the founder, president, and CEO of Capuano Engineering, who is widely regarded as the most technically and operationally experienced geothermal drilling engineer in the world. With decades of experience and a history of leadership within the Geothermal Resources Council, Lou Capuano's expertise is invaluable as XGS Energy embarks on constructing large-scale geothermal power infrastructure projects globally.

“Lou Capuano is the most technically and operationally experienced geothermal drilling engineer in the world. His expertise and capabilities are essential as we begin construction of large-scale geothermal power infrastructure projects around the world,” said Josh Prueher, CEO of XGS ENERGY

The Future of Geothermal Energy

Capuano Engineering, now a subsidiary of XGS, will continue to operate under its well-known brand, "Capuano Engineering, an XGS Energy Company." The subsidiary will maintain its commitment to traditional hydrothermal and next-generation geothermal developers while also dedicating resources to advancing XGS’s pioneering technology.

A Synergy of Innovation and Experience

Lou Capuano, Jr. expressed his enthusiasm for the collaboration: “In my work with the XGS team, I have consistently been impressed by the potential of their technology to drive the next wave of geothermal scale globally. By combining XGS’ disruptive technology with our extensive operational experience, I believe we have the opportunity to lead the next-generation geothermal market.”

AboutXGS Energy

XGS Energy is dedicated to providing clean, round-the-clock energy with its solid-state geothermal system, which uses thermally conductive materials to generate affordable energy from hot rock. This technology decouples geothermal energy production from traditional natural water resources and geological conditions, facilitating low-risk, geographically flexible, and rapidly deployable power projects.

About Capuano Engineering Company

Founded in 2012, Capuano Engineering Company specializes in geothermal resource development globally. With a track record of drilling hundreds of geothermal wells across various continents, Capuano Engineering is a leader in providing comprehensive project management, drilling plan development, and cost control analysis for geothermal projects.

For more information on and its groundbreaking geothermal technology, Check here

We recently reported on XGS Energy raise of $20 Million for Geothermal Fasttracking

This acquisition marks a significant milestone in the quest for sustainable, reliable, and globally accessible geothermal energy. With the combined strengths of XGS Energy's innovative technology and Capuano Engineering's unmatched expertise, the future of geothermal energy looks brighter than ever.

Source:Business Wire

Connect With Us:Alphaxioms

Comments

Amsterdam Strikes Geothermal Gold: Hot, Thick, Permeable Reservoir Confirmed

Breakthrough Beneath the Beach: Amsterdam Region Hits Geothermal Paydirt at Strandeiland By: Robert Buluma The Netherlands just took a giant leap toward fossil-free heating. On the artificial island of Strandeiland (part of Amsterdam’s fast-growing IJburg district), the SCAN exploration well has officially confirmed what the geothermal community has been hoping for: a thick, hot, and , most importantly permeable reservoir in the Slochteren Formation. Key numbers that matter: Reservoir thickness: 152 meters Bottom-hole temperature: 66 °C Permeability: confirmed via successful production and injection tests That’s not screaming-hot by Icelandic standards, but for direct-use district heating in one of Europe’s densest urban areas, 66 °C is more than enough to supply thousands of homes with clean, baseload heat – forever. Why This Well Changes Everything for the Netherlands The Dutch government launched the SCAN program (Seismic Campaign Nethe...

Zanskar’s Big Blind: First Blind Geothermal Discovery in 30 Years

Big Blind: The Geothermal Discovery That Changes Everything By: Robert Buluma Utah startup Zanskar Geothermal quietly dropped one of the most important announcements in American energy in decades. They discovered and confirmed “Big Blind” ,the first completely blind, commercial-grade geothermal system found in the United States in over thirty years. Let that sink in. No hot springs. No fumaroles. No steaming ground. No prior wells. Zero surface expression whatsoever. Just desert, sagebrush, and – 7,000 feet below, a reservoir hot enough and permeable enough to support gigawatt-scale power production. This isn’t incremental progress. This is a paradigm breaker. Why “Blind” Discoveries Matter So Much For the last 40 years, geothermal development in the U.S. has been geographically handcuffed. You could only build plants where nature advertised the resource on the surface – think Yellowstone, The Geysers, or Imperial Valley. Ever...

Taiwan Drills 4,000m in Yilan, Unlocks Deep Geothermal Power

Breakthrough in Taiwan’s Deep Geothermal Energy: Academia Sinica and CPC Corporation Drill Nearly 4,000 Meters in Yilan and Find High-Potential Reservoir Published: December 10, 2025 By: Robert Buluma In a historic milestone for Taiwan’s renewable energy journey, Academia Sinica (Central Research Academy) and Taiwan’s state-owned CPC Corporation have successfully completed the island’s first-ever “deep geothermal exploratory well” in Yuanshan Township, Yilan County. The well reached a depth of nearly 4,000 meters, recorded a bottom-hole temperature close to 150 °C, and confirmed the existence of an upwelling heat source beneath the northern Yilan Plain. Researchers are now calling it a “high-potential geothermal reservoir” that could become a cornerstone of Taiwan’s green energy transition. From Anxiety to Excitement: The Temperature Surprise Dr. Ji-Chen Lee (李建成), principal investigator of the “Taiwan Geothermal Research and Technology Development Project” and researcher a...

Hawaii’s Underground Secret to Cheaper, Greener Cooling Revealed

Unlocking Hawaii’s Hidden Cooling Power: New Report Reveals Huge Potential for Geothermal Cooling on Oahu (2025) By: Robert Buluma Could the same volcanic islands that give Hawaii its famous heat also provide the solution to cool its buildings , without crushing the electric grid? A groundbreaking new report released December 8, 2025, by the University of Hawaiʻi at Mānoa (UHM) and Lawrence Berkeley National Laboratory (LBNL) says the answer is a resounding yes. Shallow geothermal heat exchangers (GHEs) , also known as geothermal heat pumps or ground-source heat pumps ,could dramatically cut cooling costs and electricity demand across Oahu, especially for large buildings like schools, military bases, and university facilities. Here’s everything you need to know about this exciting development in Hawaii geothermal cooling technology. Why Hawaii Is Perfectly Suited for Geothermal Cooling Most of the world uses geothermal heat pumps for heating in cold climates. Hawaii ...

Eavor’s Geretsried Closed-Loop Geothermal Plant Now Powers the Grid

Eavor Technologies Achieves Historic Milestone: World’s First Commercial-Scale Closed-Loop Geothermal System Now Delivering Power in Geretsried, Germany Published: December 2025 By: Robert Buluma The Day Geothermal Changed Forever On a crisp Bavarian morning in late 2025, a quiet revolution in clean energy officially went live. Eavor Technologies Inc ., the Calgary-based pioneer of closed-loop geothermal technology, announced that its flagship commercial project in Geretsried, Germany has begun delivering power to the grid becoming the world’s first utility-scale multilateral closed-loop geothermal system to achieve commercial operation. For anyone who has followed the geothermal sector for the last decade, this is nothing short of seismic (pun intended). What Makes Eavor’s Closed-Loop System Truly Disruptive? Traditional geothermal plants rely on naturally occurring hot water reservoirs or enhanced geothermal systems (EGS) that require hydraulic fracturing and massiv...

Europe’s Underground Energy Revolution: EGEC Demands 250 GW Geothermal by 2040

Europe’s Geothermal Revolution Is Coming: EGEC Demands a 250 GW Target by 2040 – Here’s Why 2026 Will Be Make-or-Break By: Robert Buluma Published: December 9, 2025 On 5 December 2025, the European Geothermal Energy Council (EGEC) dropped a bombshell policy paper with a crystal-clear message to Brussels: Europe is sleeping on the biggest indigenous, baseload, 24/7 renewable energy source under its feet , and it’s time to wake up. Titled ,The European Geothermal Strategy and Action Plan , Making Europe competitive, secure and affordable, the document is the strongest industry call yet for the European Commission to publish a dedicated European Geothermal Strategy and Action Plan in Q1 2026. And the ambition is massive: 250 GW of installed geothermal capacity by 2040 a six-fold increase from today’s ~44 GW (mostly district heating and a handful of power plants). Why Now? Because Europe Can No Longer Afford to Wait Since Russia’s invasion of Ukraine, Europe has been laser-focu...

UGM Pioneers Geothermal Cooling: A Game-Changer for Sustainable Campus Buildings in Indonesia

Harnessing the Earth's Hidden Fire: UGM's Revolutionary Leap into Geothermal Cooling for a Cooler, Greener Indonesia Posted on December 14, 2025 | By Robert Buluma Picture this: It's a blistering afternoon in Jakarta, the kind where the humidity clings to your skin like a second layer, and the air conditioner hums relentlessly, devouring electricity powered by distant coal plants. The planet warms, sea levels rise, and our energy bills skyrocket. But what if the solution to cooling our cities lay not in the sky's fickle sun or the wind's whisper, but deep beneath our feet,in the simmering heat of the Earth itself? This isn't science fiction; it's the bold vision being championed by Universitas Gadjah Mada (UGM), Indonesia's premier academic powerhouse, as they ignite a geothermal revolution for building cooling systems. In a move that's as groundbreaking as it is timely, UGM is spearheading the transition to clean energy by tapping into Indonesia...

Potsdam Goes Deep: How an All-Electric Drilling Rig Is Turning the City’s Heating Completely Fossil-Free

Revolutionizing Urban Heating: UGS GmbH's Pioneering Geothermal Project in Potsdam By: Robert Buluma In the heart of Germany’s energy transition, a quiet but powerful revolution is taking place in Potsdam. UGS GmbH, a German subsidiary of the French energy storage specialist Geostock, has begun a landmark geothermal project that could redefine how entire cities stay warm in winter ,without burning a single drop of oil or cubic meter of gas. The project, awarded by the local utility Energie und Wasser Potsdam GmbH (EWP), focuses on the former site of the HKW Süd combined heat and power plant in southern Potsdam. The goal is ambitious: replace the aging gas-fired plant with deep geothermal energy and other renewables, eventually supplying tens of thousands of households with completely CO₂-free district heating. At the center of this transformation stands a piece of machinery that looks like something from the future: UGS’s fully modernized, all-electric drilling rig “Rig 110”. After...

🔥 Krafla Magma Testbed: Drilling Into the Earth’s Fiery Heart

Krafla Magma Testbed (KMT) : Humanity’s Bold Leap Into the Heart of the Earth Interview from Bjorn Gudmundsson the C.E.O-Krafla Magma Testbed and Team By: Robert Buluma In 2009, deep beneath Iceland’s iconic Krafla volcano, a drilling team made history. During the IDDP-1 project, their drill bit pierced into magma molten rock at just two kilometers below the surface. What began as an accident became a scientific revelation. For the first time, humans had safely accessed magma. This “Eureka” moment gave birth to an idea so daring it almost sounds like science fiction: the creation of a permanent observatory where magma could be directly studied. That idea became the Krafla Magma Testbed (KMT) a visionary international project that promises to rewrite the future of geothermal science, volcanic monitoring, and sustainable energy. Why Krafla? The Perfect Laboratory Beneath Our Feet Krafla’s geology is unique. It offers a known shallow magma body, decades of research...

Strataphy and Baker Hughes Partner to Accelerate Geothermal Cooling in Saudi Arabia

Strataphy and Baker Hughes Forge Strategic Alliance to Accelerate Geothermal Cooling and Saudi Arabia’s Energy Transition By: Robert Buluma Saudi Arabia’s journey toward a low-carbon, diversified energy future has taken a decisive step forward with the signing of a strategic Memorandum of Understanding (MoU) between Strataphy and global energy technology leader Baker Hughes. Announced in Khobar in December 2025, the partnership signals a powerful convergence of deep-tech innovation and industrial-scale execution,aimed squarely at accelerating geothermal cooling and advancing the Kingdom’s broader energy transition agenda. At a time when cooling demand is surging across the Middle East,driven by rapid urbanization, giga-projects, data centers, and industrial expansion,this collaboration positions geothermal energy not merely as an alternative, but as a cornerstone technology for sustainable infrastructure in Saudi Arabia. A Landmark Agreement with Strategic Implications Under the MoU,...

Search This Blog