Tech Company Financing Transactions
XGS Energy Funding Round
XGS Energy closed a $13 million investment round on 3/26/2025. Investors included Aligned Climate Capital, ClearSky Security Fund and Climate Innovation Capital.
Transaction Overview
Company Name
Announced On
3/26/2025
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funding supports the execution of XGS' multi-gigawatt project pipeline that has materialized as demand for baseload power skyrockets.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
2479 East Bayshore Rd 210
Palo Alto, CA 94303
USA
Palo Alto, CA 94303
USA
Phone
Undisclosed
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Walter Kolbe
Chief Financial Officer
John Lunbeck
Chief Operating Officer
Ghazal Izadi
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