Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
August 26, 2024

Sage Geosystems and Meta announce agreement for next-generation geothermal power generation

Newsfeed
Sage Geosystems and Meta Announce Agreement for Next-Generation Geothermal Power Generation:


Partnership between Sage and Meta Boosts Momentum for Geothermal as First Deal East of the Rocky Mountains, Showcases how Sustainable Energy Sources Can Meet Growing Electricity Demand

August 26, 2024 01:00 PM Eastern Daylight Time

WASHINGTON–(BUSINESS WIRE)–Today, at the U.S. Department Energy’s (DOE) Catalyzing Next Generation Geothermal Development Workshop, Sage Geosystems (Sage) and Meta Platforms, Inc (Meta) announced a new agreement that would significantly expand the use of geothermal power in the U.S. and would be the first use of next generation geothermal power east of the Rocky Mountains. This announcement demonstrates the critical role clean, firm, and resilient power plays in meeting the electricity demand spurred by the growth and innovation led by the technology sector.

Executives from Sage and Meta joined U.S. Deputy Secretary of Energy David Turk and additional Biden-Harris Administration officials along with, investors, utilities, and other energy stakeholders to discuss the opportunity and growth of geothermal as a growing carbon-free energy source in the U.S. This partnership will deliver up to 150 MW of new geothermal baseload power to support Meta’s data center growth.

The Sage and Meta partnership builds on the momentum that geothermal energy is a viable renewable energy source across the U.S and Sage will utilize its proprietary Geopressured Geothermal System (GGS) to provide carbon-free power to Meta’s data centers. This technology, validated in the field in early 2022, marks a significant advancement for the clean energy sector, showcasing the ability to harness geothermal energy virtually anywhere and promising a new era of reliable, sustainable baseload power and enhanced grid stability. Hot dry rock is a vastly abundant resource compared to traditional hydrothermal formations, making Sage’s GGS technology a highly scalable approach with the potential for rapid expansion across the U.S. and globally.

Urvi Parekh, Head of Renewable Energy at Meta, said, “Meta thanks the Department of Energy’s leadership on promoting and supporting the exploration of new energy sources like geothermal. 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.”

“This announcement is the perfect example of how the public and private sector can work together to make the clean energy transition a reality,” said Cindy Taff, CEO of Sage Geosystems. “We are thrilled to be at the forefront of the next generation of geothermal technology and applaud the DOE for supporting the commercialization of innovation solutions. As energy demand continues to grow, the need for reliable, resilient and sustainable power is paramount and our partnership with Meta underscores the critical need for innovative and sustainable energy solutions like ours.”

“The U.S. has seen unprecedented growth in demand for energy as our economy grows, the manufacturing sector booms thanks to the Biden-Harris Administration’s Investing in America agenda, and new industries like AI expand,” said U.S. Energy Deputy Secretary David Turk. “The Administration views this increased demand as a huge opportunity to add more clean, firm power to the grid and geothermal energy is a game-changer as we work to grow our clean power supply.”

The partnership between Sage and Meta signifies a major step forward in the quest for sustainable energy solutions, reinforcing Sage’s position as a leader in the geothermal revolution and Meta’s dedication to pioneering clean energy initiatives. In addition to this first of a kind geothermal project, Meta continues to invest in carbon-free energy to support its data centers and support the transition to a cleaner and more reliable grid. The first phase of this innovative project will aim to be online and operating in 2027.

About Meta Platforms, Inc. (Meta)

Meta, formerly known as Facebook Inc., is a social technology company that develops technologies to help people connect, find communities, and grow businesses. Meta’s products and services include Facebook, Instagram, Oculus, Messenger, and WhatsApp. Meta is headquartered in Menlo Park, California. For more information, visit www.meta.com.

About Sage Geosystems

Sage Geosystems was founded in 2020 and is developing energy storage and geothermal baseload technologies deep in the earth. The Sage Geosystems team has over 150 combined years in the oil and gas industry, with experience delivering major projects including Deepwater, Arctic, and Unconventional shales. The company is headquartered in Houston, Texas. For more information, visit www.sagegeosystems.com.

Contacts

For Sage Geosystems
Tori McDonnell
[email protected]

For Meta, Inc
Melanie Roe
[email protected]

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
August 26, 2024

Vitis Energy acquires 200MW energy storage project from Black Mountain Energy Storage

NEXT ARTICLES
Home > Industry News
August 26, 2024

DOE invests $31 million to reduce costs and expand geothermal energy

Comments are closed.
Related Post
August 20, 2024
Google – New ways we’re advancing our
October 14, 2024
Google signs agreement with Kairos Power to
May 13, 2025
Woodside and Aramco Sign Collaboration Agreement
December 17, 2024
Kosmos Energy does not intend to make

Recent Posts

  • TPG Rise Climate Acquires Aurora Energy Research from CGE Partners
  • rPlus Energies Secures Over $500 Million in Tax Equity Financing with RBC Community Investments for 800 MW Green River Energy Center
  • HONEYWELL, JOHNSON MATTHEY, GIDARA ENERGY AND SAMSUNG E&A FORM SAF TECHNOLOGY ALLIANCE
  • TAE Technologies Raises $150 Million in Latest Funding Round
  • Ormat Technologies Announces Strategic Leadership Changes

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.