XGS Energy utilizes a proprietary solid-state geothermal system with a closed-loop, water-independent design to extract heat from hot rock formations, enabling efficient energy production in diverse geological conditions. This technology addresses the limitations of traditional geothermal methods by providing a scalable and sustainable source of clean energy without reliance on water or specific rock properties.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VVVEFounders
Product
Problem
Traditional geothermal energy production is limited by its dependence on specific geological conditions such as rock permeability, porosity, and access to sufficient water resources, restricting its deployment to a limited number of locations. This dependence hinders the scalability and widespread adoption of geothermal energy as a reliable, clean energy source.
Solution
XGS Energy offers a solid-state geothermal system designed to overcome the limitations of conventional geothermal methods. Their closed-loop system uses thermally conductive materials in a modular, pipe-in-pipe heat exchanger to extract heat from hot rock formations, independent of water or specific rock properties. A working fluid, typically water, is circulated within a steel casing, warmed, and returned to the surface through an insulated tube in a zero-loss, closed-loop process. This approach enables efficient and scalable energy production in diverse geological conditions, making geothermal energy accessible in more locations.
Target Audience
XGS Energy's primary customers include energy companies, utilities, and organizations seeking a reliable and scalable source of clean, round-the-clock energy that is not dependent on specific geological conditions or water resources.
Features
- Modular design allowing for scalability, starting with a single well unit.
- Water-independent system utilizing a closed-loop process with continuous water recycling.
- Enhanced heat extraction through the use of thermally conductive materials.
- Adaptable to various geological conditions, eliminating the need for permeable or porous rock.
- Pipe-in-pipe heat exchanger design for efficient heat transfer.