Articles from Sage Geosystems

Sage Geosystems, the company pioneering Pressure Geothermal, closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies and Carbon Direct Capital co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital. Sage’s clean, firm power and long-duration energy storage solutions will support the continued build-out of AI data centers.

Sage’s Pressure Geothermal Technology Selected in 3 of 11 Final Applications Deemed “Awardable”

The Department of the Air Force (DAF) awarded its first contract to determine whether a power plant using Geopressured Geothermal Systems (GGS) can generate the clean energy needed for a base to achieve energy resilience. The contract awards Sage Geosystems, Inc., a grant of $1.9 million and the company will match the grant with an additional $1.9 million for the demonstration project. Sage will construct the system at an off-site test well in Starr County, Texas, in 2025. It would be the first GGS facility in the world to generate electricity.

Today, at the U.S. Department Energy’s (DOE) Catalyzing Next Generation Geothermal Development Workshop, Sage Geosystems (Sage) and Meta Platforms, Inc (Meta) announced a new agreement that would significantly expand the use of geothermal power in the U.S. and would be the first use of next generation geothermal power east of the Rocky Mountains. This announcement demonstrates the critical role clean, firm, and resilient power plays in meeting the electricity demand spurred by the growth and innovation led by the technology sector.

Sage Geosystems, the developer of Geopressured Geothermal Systems (GGS), announced today it will begin a geothermal initiative at Fort Bliss for the U.S. Army and the Defense Innovation Unit (DIU). Sage Geosystems will explore the potential to deploy its proprietary GGS technology to supply clean and secure energy to the base. Additionally, the company will evaluate the potential synergies of hybrid technologies such as direct thermal use, energy storage, and dispatchable power to support cost effective energy resilience.

Sage Geosystems announced today the first close of $17 million in Series A funding led by Chesapeake Energy Corporation (“Chesapeake”) (NASDAQ: CHK) and joined by technology investor Arch Meredith, Helium-3 Ventures and with continued support from existing investors Virya, LLC, Nabors Industries Ltd., and Ignis Energy Inc. The proceeds will fully fund the first of its kind 3MW commercial Geopressured Geothermal System (GGS) facility, which will be built in Texas.