The global energy sector is undergoing a radical transformation, with clean, reliable, and sustainable power sources taking center stage. By: Robert Buluma Among these, geothermal energy stands out as an underutilized but highly promising resource that offers baseload power generation with near-zero carbon emissions. The rise of advanced geothermal technologies has attracted significant investments, especially from big tech companies seeking sustainable energy solutions for their energy-intensive AI data centers. One such company making headlines is XGS Energy, a geothermal startup that recently closed a $13 million equity bridge round and is preparing for a $60 million to $100 million growth round. This article explores how XGS Energy and other enhanced geothermal system (EGS) startups are revolutionizing the sector, unlocking geothermal energy potential beyond traditional hotspots, and why investors and technology giants are betting big on this clean energy rev...
At Alphaxioms,We are The Number One Geothermal News Site Globaly, Our Cutting Edge Consultancy In Geothermal Energy Encomprises Geothermal Resource Assesment,Power Plant Development, Projects Management and Financing, Corprate Planning and Strategy, Reservoir Management, Lithium Extraction From Geothermal, Geological Hydrogen , Repurposing of Oil and Gas Wells and Related Research