
XGS Energy’s solid-state geothermal technology uses thermally conductive materials to produce energy anywhere there is hot rock, the company said. (Source: Shutterstock)
Meta Platforms has partnered with geothermal company XGS Energy to develop a 150-megawatt geothermal project in New Mexico, the companies said June 12.
The project, which will be developed in two phases, is expected to start operations by 2030 and flow electrons to PNM electric grid. The electricity will support Meta’s data center operations in New Mexico.
“Advances in AI require continued energy to support infrastructure development,” said Urvi Parekh, global head of Energy at Meta. “With next-generation geothermal technologies like XGS ready for scale, geothermal can be a major player in supporting the advancement of technologies like AI as well as domestic data center development.”
XGS Energy’s solid-state geothermal technology uses thermally conductive materials to produce energy anywhere there is hot rock, the company said.
“We’re pleased to support Meta’s ambitious AI objectives and accelerate access to new round-the-clock power supplies,” said XGS Energy CEO Josh Prueher. “More broadly, the state of New Mexico is a growing hub for data center development.”
Although New Mexico has some of the best hot rock resources in the U.S., the state has only one operating geothermal power plant, according to the release. The project is expected to increase the total geothermal electricity produced in New Mexico by a factor of ten.
Recommended Reading
Trio Suspends McCool Ranch Ops, M&A Citing Commodity Prices
2025-05-27 - Trio Petroleum said its work at the McCool Ranch in California will halt and that it will terminate efforts to acquire a working interest in the project.
SM Energy Hits 1,193 Boe/d Oily 30-Day IP with New Uinta Cube Wells
2025-05-14 - SM Energy CEO Herb Vogel says price downturns are catalysts for innovation and long-term strength. Still, SM is focusing on high-quality assets in the Permian, South Texas and Utah.
TotalEnergies, Equinor Growth Tied to Eagle Ford, Marcellus M&A
2025-05-01 - From Appalachia to South Texas, European energy firms are leveraging shale gas assets to secure future global supply.
Appalachian M&A Target HG Energy Ups Sand, Length
2025-05-28 - Quantum Capital Group-backed E&P HG Energy is an M&A target among U.S. gas producers as gas futures have grown to more than $4/MMBtu.
Flywheel Energy Acquires Terra’s Colorado Piceance Gas Assets
2025-07-14 - Flywheel Energy has quietly taken control of Terra Energy Partners’ Piceance gas asset, one of the largest in the basin, in a confidential deal. The deal expands Flywheel’s private natural gas empire beyond Arkansas’ Fayetteville Shale.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.