Tech Company Financing Transactions
XGS Energy Funding Round
U.S. Department of Energy SunShot Initiative participated in a funding round for XGS Energy. The round was announced by the company on 9/28/2026.
Transaction Overview
Company Name
Announced On
9/28/2026
Transaction Type
Debt
Amount
Unknown
Round
Undisclosed
Proceeds Purpose
With this funding, XGS will advance a system that generates geothermal power without consuming water, removing a key constraint on development in New Mexico, where heat is abundant and water is scarce.
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
Browse more venture capital transactions:
Prev: 9/28/2026: VoirPro venture capital transaction
Next: 9/29/2026: Something & Nothing venture capital transaction
Share this article
News on VC Transactions
We do our best to record every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs