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XGS Energy raised $20M in Series A funding led by Valo Ventures and VoLo Earth Ventures to support first commercial-scale project

May 21, 2024•about 1 year ago

Amount Raised

$20 Million

Round Type

series a

Palo AltoEnergy

Investors

Anzu PartnersConstellation Technology VenturesThin Line CapitalMih CapitalB Current Impact InvestmentVo Lo Earth VenturesValo Ventures

Description

XGS Energy announced the completion of $20 million in additional Series A financing, led by Valo Ventures and VoLo Earth Ventures, to support the company's first commercial-scale project in California and accelerate the deployment of its proprietary water-independent geothermal technology across its global project pipeline.

Company Information

Company

XGS Energy

Location

2479 EAST BAYSHORE ROAD

Palo Alto, California, United States

About

XGS Energy is a geothermal energy company founded and headquartered in Palo Alto, CA. Our proprietary heat harvesting technology and closed-loop well architecture enable global deployment of terawatt-scale geothermal heat and power.

Funding Insights

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VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
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