XGS Energy Inc (XGS) and Meta Platforms Inc. (Meta) have signed an agreement to support the development of a 150-MW geothermal power project in New Mexico. The two-phased agreement will include an initial smaller phase and a second, larger phase, both projected to be operational by 2030.
“Advances in AI require continued energy to support infrastructure development,” said Urvi Parekh, Global Head of Energy at Meta. “With next-generation geothermal technologies like XGS ready for scale, geothermal can be a major player in supporting the advancement of technologies like AI as well as domestic data center development. We’re excited to partner with XGS to unlock a new category of energy supply for our operations in New Mexico.”
“We’re pleased to support Meta’s ambitious AI objectives and accelerate access to new round-the-clock power supplies,” said Josh Prueher, Chief Executive Officer at XGS Energy. “More broadly, the state of New Mexico is a growing hub for data center development. We are eager to feed clean, water-independent geothermal power into the New Mexico market at a scale uniquely possible with XGS technology.”
This announcement comes almost simultaneously with the publication of “The Future of Geothermal in New Mexico” report by Project InnerSpace, which identifies over 160 GW of untapped geothermal potential in the state.
XGS Energy’s proprietary geothermal technology, which enables geothermal power production with zero operating water use, will be deployed to the PNM electric grid and support Meta’s data center operations in New Mexico, demonstrating that energy demand can be met with clean, water-independent baseload power. “We’re proud to support this innovative, carbon-free project from Meta and XGS Energy,” said PNM President and CEO Don Tarry. “This project is a meaningful step toward meeting New Mexico’s clean energy goals and demonstrates the power of advanced technology to shape our energy future.”
“New Mexico is not only the second-largest oil and gas producer in the U.S., but also one of the nation’s leading sources of clean energy,” said Gov. Lujan Grisham.
“We’ve worked hard to ensure New Mexico remains at the forefront of the energy transition, and geothermal energy represents a promising new frontier. Project InnerSpace’s report outlines both the scale of New Mexico’s geothermal potential and practical steps to develop it. XGS Energy and Meta’s 150 MW project will create good-paying jobs, strengthen our grid with reliable baseload power, and position our state as a national leader in next-generation renewable energy.”
The agreement is another step by Meta to secure clean and stable energy to power their data centers. In 2024, Meta signed an agreement to purchase power from a planned 150-MW geothermal facility to be built by Sage Geosystems somewhere in the Rocky Mountains region in the US.
