New Mexico geothermal for Meta

DEVELOPMENTSAVE + ADD TO THESIS

XGS Energy · New Mexico (PNM territory) · New Mexico DEVELOPER HEALTHWATCH

Closed-loop 'water-independent' geothermal feeding the PNM grid for Meta's data center.

Geothermal · Next-generation geothermal SEE CONNECTIONS →

ANNOUNCED
DEVELOPMENT
PERMITTED
FINANCED
CONSTRUCTION
OPERATING

Power

150 MW

Geothermal · First commercial

Storage

—

energy capacity

Online

By 2030

approximate target

Capital committed

—

closed or awarded

Capital pending

—

conditional or under review

How it works

Closed-loop

A sealed pipe loop runs down, across through hot rock and back up, like a radiator in reverse. The fluid never touches the rock, so there's no fracturing and no water lost.

OPEN IN 3D →

Others on this approach

Capital stack

0 SOURCES

No project-level financing disclosed yet.

Milestones

No milestones recorded yet.

Grid, permits and build

Who's building it: Baker Hughes (strategic collaboration toward first power)

Who buys and who finances

Exposed to

ALL CHAINS →

AI data-center demand → clean firm power deals → first-of-a-kind plants
STEP 2/5 · SECURE Next-gen geothermal gets bankable offtakeLong-term contracts let developers raise project debt.

LOADING…

New Mexico geothermal for Meta

Closed-loop

Capital stack

Milestones

Grid, permits and build

Who buys and who finances

Exposed to

New Mexico geothermal for Meta

Closed-loop

Capital stack

Milestones

Grid, permits and build

Who buys and who finances

Exposed to

Dependencies

Related

More from XGS Energy

Sources