XGS Energy Secures Additional $13 Million to Accelerate Advanced Geothermal Deployment [Yahoo! Finance]
NextEra Energy, Inc. (NEE)
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Source: Yahoo! Finance
HOUSTON, March 26, 2025 BUSINESS WIRE 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. "We are excited to welcome new investors who appreciate the requirements of power infrastructure and understand how our unique technology unlocks a massive global development opportunity," said Josh Prueher, Chief Executive Officer at XGS. With the new financing, Mano Nazar, ClearSky Senior Advisor and the former Chief Nuclear Officer of NextEra Energy, will join the XGS Energy Board of Directors. "XGS' advanced geothermal technology is uniquely positioned to deliver abundant energy to
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- 10/29/25 - Beat
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- 12/11/25 - Form 144
- 12/8/25 - Form 8-K
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