Sage Geosystems Raises $17 Million in Series A, Announces World’s First Commercial Geopressured Geothermal System (GGS) Facility
Amount Raised
$17 Million
Round Type
Series A
HoustonEnergyOil And GasRenewable EnergyInvestors
Description
Sage Geosystems announced the first close of $17 million in Series A funding led by Chesapeake Energy Corporation and joined by technology investor Arch Meredith, Helium-3 Ventures and with continued support from existing investors Virya, LLC, Nabors Industries Ltd., and Ignis Energy Inc. The proceeds will fully fund the first of its kind 3MW commercial Geopressured Geothermal System (GGS) facility, which will be built in Texas.
Quick answer
Sage Geosystems raised $17 Million in a Series A round, dated February 15, 2024. Investors: Ignis Energy Inc., Arch Meredith, Helium 3 Ventures, Virya, LLC, Nabors Industries Ltd. and Chesapeake Energy Corporation. Sage Geosystems is based in Houston, Texas, United States.
- How much did Sage Geosystems raise?
- Sage Geosystems raised $17 Million in a Series A round on February 15, 2024.
- Who invested in Sage Geosystems?
- Ignis Energy Inc., Arch Meredith, Helium 3 Ventures, Virya, LLC, Nabors Industries Ltd. and Chesapeake Energy Corporation are named as investors in this round.
- What does Sage Geosystems do?
- Sage Geosystems™ is pioneering Pressure Geothermal—a new category of geothermal energy that delivers grid-scale power and long-duration energy storage virtually anywhere.
- Where is Sage Geosystems based and how big is it?
- Sage Geosystems is based in Houston, Texas, United States. Fundz records about 16 employees.
- Who are the decision-makers at Sage Geosystems?
- Fundz holds 1 contact at Sage Geosystems. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Sage Geosystems that raised within 45 days of this round, from Fundz verified event records.
- Reformed Energy raised an undisclosed amount (Seed) on March 12, 2024.
- Oxford Quantum Circuits raised $100M (Series B) on March 6, 2024.
- Oxford Quantum Circuits raised $100M (Series B) on March 5, 2024.
- Atlas Energy Solutions raised $175M on March 5, 2024.
- Celadyne raised $4.5M (Seed) on February 15, 2024.
- Vulcan Infrastructure & Power Inc. raised $6M on February 12, 2024.
Who to call at Sage Geosystems, and when
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