XGS Energy

Harvesting the full potential of geothermal energy.

General Information
Company Name
XGS Energy
Founded Year
2008
Location (Offices)
Palo Alto, United States +1
Founders / Decision Makers
Number of Employees
14
Industries
Energy
Funding Stage
Series A
Social Media

XGS Energy - Company Profile

XGS Energy is a pioneering geothermal energy startup based in Palo Alto, CA, with a mission to harvest the full potential of geothermal energy. Since its establishment in 2008, the company has been committed to revolutionizing the energy industry through its proprietary heat harvesting technology and closed-loop well architecture. The most recent milestone for XGS Energy was marked by a $20.00M Series A investment on 21 May 2024, attracting prominent investors such as VoLo Earth Ventures, Thin Line Capital, Valo Ventures, MIH Capital Management, and B Current Impact Investment. This significant funding not only underscores the high potential of the company but also provides the necessary resources for further development and global deployment. With a strong focus on sustainability and renewable energy, XGS Energy is well-positioned to address the increasing demand for clean power sources. The company's innovative approach not only demonstrates its commitment to environmental responsibility but also positions it as a promising investment opportunity in the ever-evolving energy sector.

Taxonomy: geothermal energy, heat harvesting technology, closed-loop well architecture, terawatt-scale, sustainable energy, clean energy, Palo Alto, energy technology, renewable power, green technology

Funding Rounds & Investors of XGS Energy (3)

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Funding Stage Amount No. Investors Investors Date
Series A $20.00M 5 B Current Impact Investment 21 May 2024
Venture Round $10.00M 3 16 Jan 2024
Series A $14.00M 1 06 Mar 2023

Latest News of XGS Energy

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No recent news or press coverage available for XGS Energy.

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