CleanTechnica•6 months ago
Sage Geosystems Raises Over $97 Million To Deploy World’s First Commercial Pressure Geothermal Power Generation Facility
- •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.
financing