XGS Energy and Meta have announced a strategic agreement to develop a 150 MW geothermal energy project in New Mexico, aimed at providing clean, water-independent and baseload power to support Meta’s data center operations. The project will supply electricity directly to New Mexico’s PNM electric grid, with deployment expected in two phases completed by 2030.
XGS Energy’s proprietary geothermal approach enables power generation without any operating water consumption. Traditionally, geothermal energy generation has been restricted by location-specific factors such as water availability and the presence of porous rock formations. XGS’s technology bypasses these constraints by directly tapping geothermal energy from hot, dry rock formations, expanding geographic accessibility significantly. Currently, New Mexico hosts only one operational geothermal power plant. According to the announcement, this single XGS-led project will increase the state’s geothermal generation capacity tenfold.
“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. We’re excited to partner with XGS to unlock a new category of energy supply for our operations in New Mexico.”
A recent report titled “The Future of Geothermal in New Mexico,” published by Project InnerSpace, New Mexico Tech, and the New Mexico Bureau of Geology and Mineral Resources, highlights that the state possesses more than 160 GW of untapped geothermal potential. XGS’s initiative positions New Mexico as a key hub for geothermal power production, complementing the region’s expansion of data center infrastructure.
“We’re pleased to support Meta’s ambitious AI objectives and accelerate access to new round-the-clock power supplies,” said Josh Prueher, Chief Executive Officer at XGS Energy. “More broadly, the state of New Mexico is a growing hub for data center development. We are eager to feed clean, water-independent geothermal power into the New Mexico market at a scale uniquely possible with XGS technology.”
PNM President and CEO Don Tarry also endorsed the project, noting it supports state clean-energy objectives: “We’re proud to support this innovative, carbon-free project from Meta and XGS Energy. This project is a meaningful step toward meeting New Mexico’s clean energy goals and demonstrates the power of advanced technology to shape our energy future.”
Source: XGS Energy
