Billion-dollar investment in geothermal coming to New Mexico
“New Mexico’s resources can start to provide cleaner power for the rest of the globe,” Governor Michelle Lujan Grisham said.That is a statement the governor gave on Thursday during a press conference addressing the latest investment in geothermal energy. “There are different approaches from a technology perspective based on what you do from design, subsurface, as well as surface,” Josh Prueher, Chief Executive Officer at XGS Energy, said. This is what it does. Geothermal energy comes from the Earth’s core. When it’s extracted, this energy can be used for electricity, heating, cooling, and industrial-level power. This partnership with XGS Energy is also a collaboration with Meta.”This partnership will use advanced fuel thermal technology from energy and generate clean, firm power,” Rob Black said. He’s the Cabinet Secretary Designee for the Economic Development Department.The project’s goal is to harvest 150 megawatts of geothermal, which experts say is enough power for 100,000 homes. New Mexico is not new to this either. Back in 1984, geothermal wells were constructed in the state, and now it’s being done on a much larger scale. The first site for this project is expected to be up and running by 2030.
“New Mexico’s resources can start to provide cleaner power for the rest of the globe,” Governor Michelle Lujan Grisham said.
That is a statement the governor gave on Thursday during a press conference addressing the latest investment in geothermal energy.
“There are different approaches from a technology perspective based on what you do from design, subsurface, as well as surface,” Josh Prueher, Chief Executive Officer at XGS Energy, said.
This is what it does. Geothermal energy comes from the Earth’s core. When it’s extracted, this energy can be used for electricity, heating, cooling, and industrial-level power.
This partnership with XGS Energy is also a collaboration with Meta.
“This partnership will use advanced fuel thermal technology from energy and generate clean, firm power,” Rob Black said. He’s the Cabinet Secretary Designee for the Economic Development Department.
The project’s goal is to harvest 150 megawatts of geothermal, which experts say is enough power for 100,000 homes. New Mexico is not new to this either. Back in 1984, geothermal wells were constructed in the state, and now it’s being done on a much larger scale.
The first site for this project is expected to be up and running by 2030.