Houston-based Sage Geosystems and Meta Platforms, the parent company of Facebook, have partnered to develop up to 150 MW of geothermal baseload power.
No financial details were shared, but the companies say their agreement is designed to bolster Meta's data center expansion and represents the first project of its kind east of the US Rocky Mountains.
The partnership was announced at a US Department of Energy (DOE) workshop on geothermal development, where leaders from both companies were present.
Urvi Parekh, head of renewable energy for Meta, highlighted the DOE's role in promoting geothermal exploration in the US.
“That leadership supports Meta’s goal to enable the addition of reliable, affordable, and carbon-free power to the grid with this geothermal energy deal. We are excited to partner with such an innovative company like Sage Geosystems that is a proven leader in geothermal development on this project and beyond,” he said in a statement.
Cindy Taff, CEO of Sage Geosystems, echoed this sentiment, stating, “We are thrilled to be at the forefront of the next generation of geothermal technology and applaud the DOE for supporting the commercialization of innovative solutions.”
In February, Sage Geosystems announced a $17 million equity fundraise to build its first Geopressured Geothermal System (GGS). This month, the company began construction of the site near San Antonio, Texas, with drilling for a 3-MW capacity GGS set to begin in September.
