XGS Energy
$10Mlatest round · Venture round · Jan 2024 · 2 yr ago
3backers · Aligned Climate Capital, Clear Sky
28team · US Form 5500 (plan participants) · Dec 2025 · +133% in a year
2022founded
Overview
XGS provides Clean, Round-the-Clock Energy Everywhere, Forever. Our proprietary solid-state geothermal system uses thermally conductive materials to deliver affordable energy anywhere there is hot rock.
Funding and backers
Total raised
$10M
1 round on record
Latest round
$10M
Venture round · Jan 2024 · 2 yr ago
Team
28
US Form 5500 (plan participants) · Dec 2025 · +133% in a year
Backers
3
Aligned Climate Capital, Clear Sky
The money's age
Long since its last round
34 months since the last round · not hiring
Momentum
15/100
in the news
Last sign of life
1 mo ago
a posting or a news item
The story so fareach stage dated by its source: the company's releases, the press, registers, filings
Sep 28
Won a customer XGS Energy Selected by U.S. Department of Energy to Advance Next-Generation Geothermal Development in New Mexico · businesswire
2025
Team of 28 was 12 · US Form 5500 (plan participants)
Jan 2, 2024
Raised a round Venture round $10M · SEC Form D
2022
Founded
Funding rounds
| Round | Date | Amount | Investors | Source |
|---|---|---|---|---|
| Venture round | Jan 2024 | $10M | — | SEC Form D |
Registers and programsofficial lists and records that name the company
| Legal entity | XGS Energy, Inc. | SEC Form D |
Founders and leadersfrom filings, registers and the company's site
Michael DanaherExecutive OfficerSEC Form D
Ghazal IzadiExecutive OfficerSEC Form D
Joshua PrueherExecutive Officer, DirectorSEC Form D
Backed byfrom the funds' portfolios and accelerator catalogs
Aligned Climate Capital 
Clear Sky 
Valo Ventures Investors in similar startupsfunds that back the companies most like this one
Similar startupsby what they do, their industry and backers
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Visa sponsorship
1
H-1B filings in 12 months
$218k
Median offered salary
0
Open roles in United States
Who they sponsor
Architectural and engineering managers
1
In the register as XGS Energy, Inc., Palo Alto, CA
Alert me
US Department of Labor · latest filing Apr 22, 2026 · Visa details by country
Financials
Total raised
$10M
Latest round
Venture - Series Unknown
Funding rounds
1
Funding rounds
| Round | Announced | Amount | |
|---|---|---|---|
| Venture - Series Unknown | 2024 | $10M | Details |
People
Michael Danaher
Executive Officer
Ghazal Izadi
Executive Officer
Joshua Prueher
Executive Officer, Director
Glen Robinson
Director
David Seldin
Director
Craig Barrett
Director
Ray Mabus
Director
Khalid Alsweilem
Director
Piotr Moncarz
Director
Martin Craighead
Director
Names and roles come from public filings, company registers and the company's own site. Is this you? Correct or remove · How we handle this data
Connections
List
Graph
Found in company registers, site code, DNS and hiring. Each connection shows how sure we are and the evidence, with its source and date.
Shared investors
Click a company to open it. Dashed lines are likely connections. The second step of the network is part of the Pro plan.
Owner
Same company
Same group
Likely
News
XGS Energy Selected by U.S. Department of Energy to Advance Next-Generation Geothermal Development in New Mexico
XGS Energy, Inc. (
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Report
Geothermal Industry Seeks To Accelerate Learning, De-Risk Development
With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment. XGS COO Al Vickers emphasizes opportunities for industry collaboratio
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Report
A clean energy source is buried under the desert, but it takes water to use it
Geothermal companies face tough tradeoffs over water as they aim to power the data center buildout in Western states. XGS's geothermal system actively conserves water, enabling development in more locations across the West.
Read more
Report
3 geothermal projects in New Mexico get federal funding infusion
The Santa Fe New Mexican reports on three geothermal projects, including XGS's, that were recently selected for funding by the Department of Energy to accelerate next-generation geothermal development in New Mexico.
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Report
Geothermal has big potential. Here's how states can help realize it.
Canary Media examines how state-level policy and investment can help accelerate next-generation geothermal deployment across the U.S. West. The article highlights New Mexico's support for XGS Energy and its 150-MW project with Meta as an example of how st
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Report
Geothermal has big potential. Here's how states can help realize it.
Next-generation geothermal projects are underway in the U.S. West, but states will need more targeted policies for the industry to scale, a new report…
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Report
Can the advanced geothermal industry follow in Fervo's wake?
The sector's breakout star may be pulling other startups up with it, but the path to the next IPO isn't totally clear.
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Report
Can the advanced geothermal industry follow in Fervo's wake?
Latitude Media examines the momentum building across the advanced geothermal industry, featuring XGS Chief Commercial Officer Lucy Darago on growing demand from large energy users and the importance of developing tangible, executable project pipelines. Th
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Report
Next-generation geothermal developers seek broader market appeal
S&P Global explores the growing market for next-generation geothermal as utilities and hyperscalers seek reliable, around-the-clock clean power. XGS Chief Commercial Officer Lucy Darago highlights geothermal's advantages in scale, reliability and long-ter
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Report
Show more news
Offices
Where the company hires and what each office is for
Cities
1
Hiring now
0
Countries
1
Palo Alto
United States
HQ
50-200 est. staff