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Meta teams with XGS Energy to build a 150 MW geothermal power plant
- Meta partners with XGS Energy to develop a 150 MW geothermal power plant in New Mexico.
- The specific location of the power plant has not been disclosed yet.
- This partnership aims to advance geothermal energy development.
- Geothermal energy is gaining popularity due to its ability to produce emissions-free electricity continuously.
- Advanced geothermal technology could potentially meet a significant portion of data center electricity demand by 2030.
- XGS Energy utilizes a closed-loop system to minimize water loss and improve heat transfer.
- The collaboration between XGS Energy and Meta follows a trend of geothermal startups securing deals.
- Fervo Energy recently secured $206 million for its Cape Station geothermal power plant.
- Google has made commitments to geothermal power, including deals with Baseload Capital and Fervo Energy.
- XGS Energy raised $20 million last year to develop a commercial-scale geothermal prototype.
- Tech companies and investors are increasingly interested in geothermal energy due to its sustainability and reliability.
- Meta's partnership with XGS Energy is part of the growing trend towards utilizing geothermal power.
- Geothermal technology has the potential to play a significant role in meeting clean energy demands.
- Rising interest in geothermal energy is evident through recent investments and partnerships in the sector.
- The renewable energy sector, including geothermal, is attracting attention for its environmental benefits and reliability.
- Geothermal startups are exploring innovative approaches to enhance efficiency and sustainability of geothermal power plants.
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