XGS Energy 115 MW next-generation geothermal — GEODE (Geothermal Exploration, Offtake, and Development Engagement) Agreement with California Community Power (9 California CCAs representing 2.7 million customers)
XGS Energy and California Community Power (CC Power) — a joint powers authority of 9 California CCAs serving 2.7 million customers — signed a GEODE (Geothermal Exploration, Offtake, and Development Engagement) Agreement for 115 MW of next-generation geothermal power. XGS Energy uses closed-loop geothermal technology (no fracking or consumptive water use). The agreement pairs offtake commitment with joint development rights.
Deal Value
115MW
Capacity
Geothermal
Technology
CA
Location
Deal Details
- Deal Type
- Offtake Agreement
- Seller / Sponsor
- XGS Energy
- Buyer / Financier
- California Community Power (CC Power)
- Offtaker
- California Community Power (CC Power)
- Stage
- Development
- ISO/RTO
- CAISO
- Source
- BusinessWire
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