Alphaxioms Geothermal News and Related Research Globally

Sage Geosystems and Meta Unveil a Groundbreaking Geothermal Power Partnership: A New Era of Clean Energy Innovation By: Robert Buluma In an unprecedented move that promises to reshape the landscape of renewable energy in the United States, Sage Geosystems (Sage) and Meta Platforms, Inc. (Meta) have announced a pioneering agreement to harness the power of next-generation geothermal energy. This partnership, revealed at the U.S. Department of Energy’s (DOE) Catalyzing Next Generation Geothermal Development Workshop, marks the first implementation of advanced geothermal power east of the Rocky Mountains—a milestone that could catalyze a seismic shift in how we meet our growing energy demands. The deal between Sage and Meta, which aims to deliver up to 150 MW of new geothermal baseload power to support Meta’s rapidly expanding data centers, is more than just a business agreement. It is a statement of intent, showcasing the critical role that clean, firm, and resilient power sources will pl

Sage Geosystems Inc. and San Miguel Electric Cooperative: A Revolutionary Partnership in Geothermal Energy Storage By: Robert Buluma In a groundbreaking move that could redefine the future of sustainable energy, Sage Geosystems Inc. has announced its partnership with San Miguel Electric Cooperative, Inc. (SMECI) to build the world’s first Geopressured Geothermal System (GGS) in Christine, Texas. This 3MW EarthStore™ energy storage facility is poised to make history as it becomes the first of its kind to supply geothermal energy storage to the ERCOT grid, marking a significant advancement in the quest for reliable, renewable energy. A New Era of Energy Storage The significance of this project cannot be overstated. As renewable energy sources like wind and solar continue to expand, the need for dependable, long-duration energy storage solutions becomes increasingly urgent. Sage’s EarthStore™ technology answers this call, offering a revolutionary system that taps into the earth’s natural

 Sage Geosystems Raises $17 Million in Series A, Announces World’s First Commercial Geopressured Geothermal System (GGS) Facility February 15, 2024 09:00 AM Eastern Standard Time Houston, TX—In a groundbreaking move towards sustainable energy solutions, Sage Geosystems proudly announced today the successful closure of its Series A funding, securing an impressive $17 million. This landmark achievement was led by Chesapeake Energy Corporation (NASDAQ: CHK) alongside notable technology investor Arch Meredith, Helium-3 Ventures, and with continued support from existing investors Virya, LLC, Nabors Industries Ltd., and Ignis Energy Inc. The funds from this Series A round will be instrumental in realizing the vision of Sage Geosystems: the creation of the world’s first commercial Geopressured Geothermal System (GGS) facility. Named EarthStore™, this innovative facility will harness the power of pressurized water stored deep underground to generate renewable energy. The 3MW EarthStore™ facili