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XGS Energy Secures Additional $13 Million to Accelerate Advanced Geothermal Deployment

  • Last Updated on April 3, 2025

XGS Energy, a developer of next-generation geothermal power projects leveraging a proprietary water-independent technology, today announced that it has closed $13 million in new financing. The over-subscribed round included new investors Aligned Climate Capital, ClearSky, ClimateIC, and WovenEarth Ventures, in addition to inside investors. This financing builds on a round led by Constellation Technology Ventures, VoLo Earth Ventures, and Valo Ventures in 2024.

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