Great news for XGS which is providing cutting edge technologies to harvest closed loop geothermal energy. Congratulations
We are pleased to announce $9.7 million in new financing, led by Constellation Energy Ventures, with BlueScopeX and Thin Line Capital, as well as individual inside investors. This new financing will accelerate XGS’ North American prototype demonstrating our proprietary Thermal Reach Enhancement™ (TRE) geothermal technology. TRE leverages materials 50x more conductive than native rock to deliver high-efficiency thermal energy without dependence on water or geology and can be deployed anywhere in the world. The prototype builds on the successful completion of more than 24 months of lab testing and is a key milestone for XGS’ first commercial projects in the Western United States, Japan, and the Philippines. Learn more here: https://lnkd.in/eiqdadX4 #geothermalenergy #renewableenergy #cleantech #energy #greentech