PALO ALTO, CA, XGS Energy, an innovator in next-generation geothermal energy technology, today announced that it has raised an additional $9.7 million.
The round was led by Constellation Technology Ventures, with BlueScopeX and Thin Line Capital, as well as individual inside investors. This new financing will accelerate XGS' North American prototype demonstrating its proprietary Thermal Reach Enhancement™ (TRE) geothermal technology at full commercial scale.
XGS Energy is a geothermal energy company founded and headquartered in Palo Alto, California. The company's proprietary heat-harvesting technology and closed-loop well architecture enable global deployment of terawatt-scale geothermal heat and power.
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