Sage Geosystems Raises Over $97 Million To Deploy World’s First Commercial Pressure Geothermal Power Generation Facility
Key Takeaway
The significant funding for Sage Geosystems' 'world's first commercial Pressure Geothermal' project signals a major step towards deploying a new, firm, and potentially dispatchable renewable energy source that could diversify power portfolios for developers and large consumers.
AI Summary
- •Sage Geosystems secured over $97 million in Series B funding, co-led by Ormat Technologies and Carbon Direct Capital, to deploy its first commercial Pressure Geothermal power generation facility.
- •This funding enables the development of a novel, next-generation geothermal power and energy storage solution, offering a new source of firm, dispatchable renewable energy.
- •The project represents the 'world's first commercial Pressure Geothermal facility,' indicating a significant advancement in geothermal technology that could provide reliable baseload power for developers and large power consumers.
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Article Content
Ormat Technologies and Carbon Direct Capital co-lead Series B financing, which will support the development of Sage’s first next-generation geothermal power generation project. Sage Geosystems, the company pioneering Pressure Geothermal, closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its ... [continued] The post Sage Geosystems Raises Over $97 Million To Deploy World’s First Commercial Pressure Geothermal Power Generation Facility appeared first on CleanTechnica .