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XGS Energy logo — Harvesting the full potential of geothermal energy.

XGS Energy

Harvesting the full potential of geothermal energy.

Founded 2008 United States Palo Alto, United States 48 employees Series A Total: $44.00M Energy

General Information

Company Name XGS Energy
Founded Year 2008
Location United States Palo Alto, United States
Employees 48
Industries Energy
Funding Stage Series A
Business Model B2B, Platform
Revenue Model Project Based, Usage Based, Product Sales
Social

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About XGS Energy

XGS Energy, established in 2008 and based in Palo Alto, CA, is pioneering the advancement of geothermal energy solutions. With the mission of 'Harvesting the full potential of geothermal energy,' they focus on delivering sustainable heat and power on a global scale.

Through their cutting-edge, proprietary heat harvesting technology and a unique closed-loop well architecture, XGS Energy presents a scalable solution aimed at accessing terawatt-scale geothermal energy. This innovative approach positions them at the forefront of the Energy industry, bridging the gap towards a cleaner future.

In a recent funding milestone, the company secured a $20.00M Series A investment on 21 May 2024. This investment was driven by a diverse group of allies, including VoLo Earth Ventures, Thin Line Capital, Valo Ventures, MIH Capital Management, and B Current Impact Investment. Their backing underscores confidence in XGS Energy's potential to transform the geothermal energy landscape.

Business keywords: geothermal energy, heat harvesting technology, closed-loop well architecture, terawatt-scale, sustainable energy, clean energy, Palo Alto, energy technology, renewable power, green technology

Services & Products

Development of geothermal energy systems
Geothermal project financing
Engineering innovative energy solutions
Geothermal energy infrastructure deployment

Target Customers

Utility companies Energy infrastructure developers Investors in renewable energy Corporations seeking sustainable energy solutions

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A $20.00M 5
VoLo Earth Ventures Thin Line Capital Valo Ventures
VoLo Earth Ventures, Thin Line Capital +3
21 May 2024
Venture Round $10.00M 3
Thin Line Capital BlueScopeX Constellation Technology Ventures
Thin Line Capital, BlueScopeX +1
16 Jan 2024
Series A $14.00M 1
Anzu Partners
Anzu Partners
06 Mar 2023

XGS Energy Alternatives & Competitors

View All Alternatives
XGS Energy vs
Quaise Energy
Quaise Energy United States

Unlocking the true power of superhot geothermal energy

Series B
71 employees
Energy, Industrial
Compare XGS Energy vs Quaise Energy
XGS Energy vs
Eavor Technologies Inc.
Eavor Technologies Inc. Canada

World's first scalable form of clean, baseload, dispatchable energy.

Debt Financing
79 employees
Energy, Renewable Energy
Compare XGS Energy vs Eavor Technologies Inc.
XGS Energy vs
SolarReserve
SolarReserve

Harnessing the sun to provide clean, reliable energy, around the clock.

Grant
Energy, Renewable Energy
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FAQ About XGS Energy

Harvesting the full potential of geothermal energy.
XGS Energy was founded in 2008.
XGS Energy is headquartered in Palo Alto, United States.
XGS Energy operates in Energy. Its work centres on geothermal energy, heat harvesting technology, closed-loop well architecture and terawatt-scale. Its customers include Utility companies, Energy infrastructure developers and Investors in renewable energy.
XGS Energy has a B2B and Platform business model. Its revenue comes from Project Based, Usage Based and Product Sales.
XGS Energy has approximately 48 employees.
XGS Energy has completed 3 funding rounds, raising a total of $44.00M. The latest funding stage is Series A.
XGS Energy offers: Development of geothermal energy systems, Geothermal project financing, Engineering innovative energy solutions, Geothermal energy infrastructure deployment.
Top alternatives and competitors to XGS Energy include Quaise Energy, Eavor Technologies Inc., SolarReserve, 85 Degrees Renewable, Geothermal Development Company - CeraPhi Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
XGS Energy and Quaise Energy are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for XGS Energy, https://bouncewatch.com/company/xgs-energy, updated 20 July 2026. When citing, please name BounceWatch and link this page.

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