Sage Geosystems is a leader in the next-generation geothermal industry, pioneering the use of Pressure Geothermal. Pressure Geothermal leverages both the heat and the pressure of the earth to enable three applications: energy storage, power generation, and direct heating. It also broadly expands where it can be applied, allowing geothermal to be deployed globally. Founded in 2020 by a leadership team with over 200 years of combined experience in the oil and gas industry, Sage is transforming hot, dry rock into a reliable, secure, and commercial-scale energy source. Sage's technologies are being deployed through landmark agreements with Meta, the U.S. Department of Defense, and other global leaders, such as Ormat, who are advancing the energy expansion.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 01/21/26 | $97,000,000 | Series B |
Carbon Direct Capital Management Ormat Technologies | undisclosed |
