XGS Energy Partners with Meta for New Mexico Geothermal Project
Deal News | Jun 12, 2025 | Anzu Partners LLC
XGS Energy, Inc. and Meta Platforms, Inc. have announced a partnership to develop a 150 MW geothermal energy project in New Mexico. This project is part of XGS's initiative to advance the use of next-generation geothermal technologies. The agreement underscores the importance of geothermal energy as a sustainable power source and aligns with Meta's commitment to renewable energy. Anzu Partners, a private equity firm, supports this endeavor, reinforcing its interest in innovative energy solutions.
Sectors
- Renewable Energy
- Technology
Geography
- United States – The geothermal project is located in New Mexico, highlighting its relevance to the United States.
- New Mexico – The specific state where the geothermal energy project will be implemented, marking it as the central location of the article's focus.
Industry
- Renewable Energy – The article focuses on the development of geothermal energy, a key component of the renewable energy sector.
- Technology – Meta Platforms, a major tech company, is collaborating on this energy project, indicating tech's role in advancing energy solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| XGS Energy, Inc. | Target Company | Company | A company focused on next-generation geothermal energy solutions partnering with Meta for a new project. |
| Meta Platforms, Inc. | Partner | Company | A global technology company supporting the development of a geothermal energy project in partnership with XGS Energy. |
| Anzu Partners LLC | Private Equity Firm | Company | The private equity firm backing XGS Energy in its geothermal energy project with Meta. |