A big geothermal site in northwestern New Mexico is going to be the work of XGS Energy and Meta Platforms Inc.
The two companies intend to develop New Mexico’s geothermal industry as tech companies search for new energy sources for data centers they are proposing around the country.
“This is an area where geothermal has never been contemplated before, and again, speaks to the value that our technology in particular unlocks,” XGS CEO Josh Prueher said in an interview with the Albuquerque Journal. “It’s close to Albuquerque, Santa Fe, supporting economic development, data center load growth there.”
The two companies plan to develop the sit in two phases and their intention is to have it completed by 2030
Click here for Albuquerque Journal