Skip to main content

Exceed Geo Energy Partners with PMDD on Historic 110-MW Geothermal Project

PMDD and Exceed Geo Energy Sign Historic 110-Megawatt Geothermal Agreement in Presidio

By: Robert Buluma

Presidio, Texas is on the verge of an energy and economic revolution. On May 22, the Presidio Municipal Development District (PMDD) and Exceed Geo Energy signed a transformative 110-megawatt geothermal power purchase agreement (PPA) term sheet—an ambitious commitment that promises to redefine the region’s future.

This groundbreaking framework, unveiled during the inaugural “Presidio Vision 2035” student competition, will provide Presidio with reliable, clean, and constant power, far surpassing current local demand. More importantly, it lays the foundation for attracting industries like data centers, manufacturing plants, refrigerated logistics, and agricultural processing facilities to this vital U.S.–Mexico trade corridor.



A New Era of Clean Energy and Economic Growth

John T. Kennedy, Executive Director of PMDD, emphasized the transformative scale of this agreement:

“This 110-megawatt commitment represents far more than meeting our current energy needs. We’re creating the foundation for transformative economic growth: the kind of reliable, clean power that can support data centers, refrigerated logistics, expanded manufacturing, and value-added processing facilities.”

Backed by last year’s geothermal resource assessment conducted by the University of Texas Bureau of Economic Geology, Presidio now has the technical validation and the momentum to become the site of the first geothermal development of this scale in the region.

Tim Tarver, CEO of Exceed Geo Energy, highlighted the broader vision:

“This project isn’t just about energy—it’s about building real economic opportunities so communities like Presidio can thrive.”


Reliability Where It’s Needed Most

Presidio, sitting at the edge of the ERCOT grid, has endured years of power insecurity and outages. Unlike intermittent energy sources such as wind or solar, geothermal offers continuous, dependable power generation.

The planned facility will not only secure the region’s electricity needs but could also serve as a blackstart resource—helping to restore power to the Texas grid during major outages. This positions Presidio as both a local energy stronghold and a contributor to statewide resilience.


Students Shaping the Future

The signing coincided with the “Presidio Vision 2035” competition, where middle and high school students presented ambitious visions for their community.

  • A seventh-grade team won the $1,000 first prize with a model combining sustainable energy, water systems, agriculture, and tourism.
  • Judges included local leaders, entrepreneurs, and experts such as Dr. Mayank Tyagi of Louisiana State University and Dr. Ken Wisian of the University of Texas Bureau of Economic Geology.
  • Several projects explored needs like new medical facilities, expanded retail options, and advanced clean energy integration.

Alexis Amancio, Presidio High School Career Advisor and competition organizer, noted how the event bridged classroom learning with real-world innovation, inspiring students to think beyond limits.


What’s Next

The agreement envisions commercial operations beginning in late 2026. The rollout will start with 9.9 megawatts before scaling to the full 110 MW capacity.

PMDD Board President Alonso Hernandez captured the spirit of the milestone:

“The timing of this agreement during the student competition reflects our dual commitment: investing in future generations while building the infrastructure for long-term prosperity.”

With its geothermal potential, cross-border trade advantages, and access to metropolitan markets, Presidio is now positioned to become a hub for:

  • Data centers requiring ultra-reliable power
  • Refrigerated logistics for agricultural and trade goods
  • Manufacturing plants leveraging trade corridor access
  • Agricultural processing facilities adding value to raw products before they reach global markets

About the Partnership

  • Presidio Municipal Development District (PMDD): Established under Texas law to foster economic growth and infrastructure development.
  • Exceed Geo Energy: A Texas-based geothermal developer focused on clean, reliable energy solutions.
  • Presidio Vision 2035: A new annual competition designed to inspire student-led innovation, with winning ideas potentially guiding future development projects.

Presidio’s geothermal journey represents more than just power generation—it’s a blueprint for how small communities can leverage clean energy to unlock global opportunities.

As the first wells prepare for drilling, one thing is certain: Presidio is no longer just at the edge of the grid—it’s at the forefront of the future.


Connect with us:LinkedInX

Source: ExceedSentinel

Comments

Hot Topics 🔥

Pertamina Geothermal Energy Withdraws from Kenya's Suswa Project Amid Concerns Over Returns and Majority Stake

Pertamina Geothermal Energy Withdraws from Kenya's Suswa Project: A Strategic Pivot in International Expansion By: Robert Buluma Image: Pertamina Geothermal Energy Withdraws from Kenya's Suswa Project Amid Concerns Over Returns and Majority Stake In a significant development for the global geothermal sector, PT Pertamina Geothermal Energy Tbk (PGEO ), the renewable energy arm of Indonesia's state-owned energy giant Pertamina, has officially withdrawn from its planned investment in the Suswa geothermal field in Kenya . Announced in late February 2026, this decision marks the end of a multi-year exploration of collaboration between PGEO and Kenya's Geothermal Development Company (GDC), a fully government-owned entity tasked with advancing the country's vast geothermal resources. The news first surfaced prominently in Indonesian media, including Bisnis.com, where Pertamina New & Renewable Energy (NRE ) President Director John Anis provided direct insight during an...

Quaise Energy Secures $200 Million to Unlock Superhot Geothermal Power in Oregon

Quaise Energy's Ambitious $200 Million Raise: Paving the Way for Superhot Geothermal Revolution By: Robert Buluma Welcome back to Alphaxioms Geothermal News, your go-to source for the latest breakthroughs in sustainable energy from the heart of geothermal innovation. As we dive into March 2026, the geothermal sector is heating up—literally—with exciting developments that could reshape our global energy landscape. Today, we're spotlighting Quaise Energy , a Houston-based startup that's making waves (millimeter waves, to be precise) in the quest for unlimited clean power. The company is in the process of raising approximately $200 million to fund its groundbreaking first commercial geothermal power plant in Oregon. This move not only underscores the growing investor confidence in next-generation geothermal technologies but also positions Quaise as a frontrunner in unlocking terawatt-scale energy from deep beneath the Earth's surface. For those new to the geothermal scene...

$44.1 Million Powers NexTitan: GA Drilling Accelerates the Breakthrough That Could Finally Scale Geothermal Globally

Revolutionizing the Earth's Heat: GA Drilling Secures $44.1 Million to Accelerate NexTitan – The Breakthrough for Geothermal at Scale By:  Robert Buluma Image: Revolutionizing the Earth's Heat: GA Drilling Secures $44.1 Million to Accelerate NexTitan – The Breakthrough for Geothermal at Scale In a world urgently transitioning to net-zero emissions, geothermal energy stands out as one of the most promising yet underutilized renewable resources. Unlike solar or wind, which are intermittent, geothermal offers baseload power—steady, reliable electricity available 24/7, with minimal land use and near-zero operational emissions. The Earth's subsurface heat is virtually limitless; if harnessed effectively, it could power civilizations indefinitely. Yet geothermal's growth has been stymied by one dominant factor: the exorbitant cost of drilling deep into hard, hot rock formations. Drilling often accounts for up to 70% of total project expenses in conventional geothermal develo...

Oil Giant Goes Deep for Clean Heat: Occidental Drills 4 Miles Underground in Colorado – Fastest Superduper Geothermal Well Yet

The Quiet Revolution Underground: How an Oil Giant Drilled 4 Miles Deep for Geothermal Heat And What It Means for the Future of Clean Energy By:  Robert Buluma  Date:March 6, 2026 Imagine this: In the flat, oil-soaked plains of Weld County, Colorado—where drilling rigs have long been synonymous with fossil fuels—a massive rig rises quietly last spring. No fanfare, no press releases blasting headlines. Just Occidental Petroleum (Oxy) , the oil behemoth better known for pumping black gold, sinking twin boreholes nearly four miles (about 20,000 feet) into the Earth. Not for oil or gas this time—but for something far more revolutionary: limitless, carbon-free heat from the planet's depths. Completed in under six weeks starting April 2025, this secretive project—dubbed GLADE (Geothermal Limitless Approach to Drilling Efficiencies)—has sent ripples through the geothermal world. Backed by a $9 million U.S. Department of Energy grant from 2022, GLADE wasn't about extracting hydrocarb...

INL Expert Trevor Atkinson Reveals Geothermal's Path to Scalability and Breakthroughs

Exclusive Insights from INL's Trevor Atkinson: The Future of Enhanced Geothermal Systems (EGS) , Critical Minerals , and Why Geothermal Lags Behind Wind & Solar Published on Alphaxioms Geothermal Insghts   Date: [February 26, 2026]   By Robert Buluma In a detailed email interview, Trevor Atkinson, Research Scientist in Geothermal Energy and Subsurface Systems at Idaho National Laboratory (INL) , shares candid perspectives on the field's priorities, breakthroughs, barriers, and potential. His work focuses on subsurface characterization, reactive-transport modeling, AI optimization, and integrating geothermal with critical mineral recovery. 1. What is INL’s most important geothermal research priority today, and why?   Advancing Enhanced Geothermal Systems (EGS ) through physics-based modeling and AI-driven optimization. My research focuses on subsurface characterization and reactive-transport modeling, which are essential for predicting fluid–rock interactions and...

Hell’s Kitchen Goes Public: CTR’s $4.7B SPAC Deal Powers Up U.S. Geothermal-Lithium Dominance

Controlled Thermal Resources (CTR) and  Plum Acquisition Corp. IV (Nasdaq: PLMK  marks a significant milestone in the U.S. push for domestic clean energy and critical minerals production.  By: Robert Buluma On March 9, 2026, the two entities revealed a definitive Business Combination Agreement that will take CTR public via a merger with the SPAC, valuing CTR at a pro forma enterprise value of approximately $4.7 billion. Upon closing—anticipated in the second half of 2026—the combined company will operate as Controlled Thermal Resources and list on Nasdaq under the ticker symbol CTRH, pending shareholder approval, SEC registration effectiveness, HSR Act clearance, and other standard conditions.  An aftermath of an initial Letter of Intent which we at Alphaxioms covered in depthly earlier. Why This Deal Matters: The Hell’s Kitchen Project At the heart of this transaction is CTR's flagship Hell’s Kitchen Project in California's Imperial Valley (Salton Sea geothermal fi...

Strataphy and Saudi Tabreed Forge Groundbreaking Partnership: Pioneering Geothermal Cooling for Saudi Arabia's AI and Digital Infrastructure Boom

The recent announcement from Stratatphy marks a significant step in sustainable infrastructure development in Saudi Arabia. At the Public Investment Fund (PIF) Private Sector Forum held February 9-10, 2026, in Riyadh, Strataphy signed a strategic agreement with Saudi Tabreed District Cooling Company, a key player backed by the PIF. By:  Robert Buluma Image:Strataphy and Saudi Tabreed Forge Groundbreaking Partnership: Pioneering Geothermal Cooling for Saudi Arabia's AI and Digital Infrastructure Boom This partnership integrates Strataphy's innovative PrimeLoop geothermal cooling technology with Saudi Tabreed's established district cooling platforms. The goal is to address the escalating cooling demands driven by Saudi Arabia's massive buildup of AI and digital infrastructure, including over 3 GW of planned data center capacity.  The Cooling Crisis in the Age of AI Saudi Arabia's ambitious Vision 2030 and beyond includes transforming the Kingdom into a global hub fo...

Herrenknecht AG Wins 2026 European Geothermal Innovation Award with Groundbreaking Urban Vibro Truck

Congratulations to HERRENKNECHT AG – The 2026 EGIA Award Winner! By:  Robert Buluma Herrenknecht AG has been named the winner of the 2026 European Geothermal Innovation Award (EGIA), also known as the Ruggero Bertani European Geothermal Innovation Award. The award was presented by the European Geothermal Energy Council (EGEC ) during a special ceremony at the GeoTHERM Congress & Expo in Offenburg, Germany, on February 26, 2026. The EGIA recognizes companies making exceptional contributions to the advancement of geothermal energy in Europe through innovative products, scientific research, or project initiatives. Entries are evaluated based on originality, innovation, reliability, emission reductions, and improvements in energy output. This year, EGEC received 16 strong applications, making the selection process highly competitive. A jury of eight experts carefully reviewed the submissions and selected five finalists before crowning Herrenknecht AG as the winner. EGEC Preside...

Gradient Geothermal Teams Up with GEOT.Ai: Geothermal to Power Next-Gen AI Factories in LA Basin

The recent announcement from Gradient Geothermal  marks a pivotal moment in the intersection of renewable energy and artificial intelligence infrastructure.  By:  Robert Buluma On February 25, 2026, the Denver-based geothermal company signed a strategic Memorandum of Understanding (MOU) with Muir Global Holdings, LLC, the incubator of GEOT.Ai, to develop behind-the-meter geothermal power solutions specifically tailored for AI factories. The initial focus is a proposed pilot project in the Los Angeles Basin, southern California, aiming to deliver up to 5 megawatts of clean, reliable geothermal energy to power high-density AI compute clusters. This partnership is more than just another energy deal—it's a blueprint for reimagining how we power the AI revolution while addressing escalating concerns over grid strain, carbon emissions, and energy security. Why AI Factories Need Dedicated, Reliable PowerThe explosive growth of artificial intelligence has created unprecedented en...

Nevis selects Iceland Drilling for geothermal drilling operations to commence in 2026

Nevis Geothermal Energy Project Advances with Iceland Drilling Selected for Landmark Drilling Contract By: Robert Buluma The Nevis Geothermal Energy Project has taken a decisive and exciting step forward. In early 2026, the Nevis Island Administration (NIA ) officially selected Iceland Drilling Company (Jardboranir hf. ) as the successful bidder for the critical drilling phase. This award marks a major milestone after years of planning, positioning Nevis closer than ever to harnessing its geothermal resources for clean, reliable baseload power. Premier the Honourable Mark Brantley, Minister of Finance and Energy, has repeatedly highlighted the significance of this development. In updates shared during his January 27, 2026, press conference and subsequent interviews, he confirmed that Iceland Drilling emerged as the top performer in a rigorous, independent evaluation process. The contract covers the drilling of five major geothermal wells—three production wells and two reinjection wel...