Sage Geosystems Secures $17 Million in Series A Funding to Revolutionize Geothermal Energy Generation

Sage Geosystems™, a pioneering geothermal energy company, is excited to announce the successful closing of a $17 million funding round aimed at catapulting its innovative technologies into the next phase of development. With a veteran team boasting over 150 years of combined experience in oil and gas and turbomachinery, alongside more than 200 patents, Sage is uniquely positioned to transform the geothermal landscape. The fresh capital will be instrumental in enhancing and field-testing Sage's proprietary geothermal technologies, specifically designed to harness energy from lower surface temperatures, ranging from 100 to 250°C. This advancement holds the potential to drastically lower the costs associated with geothermal electricity production, paving the way for a future where geothermal energy can be accessed "everywhere," both across the U.S. and globally. Additionally, the funding will further develop GeoTwin, Sage's groundbreaking geothermal modeling tool, which has already shown promise in accurately predicting the viability of geothermal energy generation based on various geological and operational parameters. By leveraging real field data and advanced modeling techniques, GeoTwin provides Sage with a crucial competitive edge, facilitating reduced capital expenditures while ensuring more reliable field results. With this latest infusion of funds, Sage Geosystems is set to accelerate its vision of expanding geothermal energy access, ultimately contributing to a sustainable energy future for all.