Sage Geosystems raises $17M Series A to build first commercial 3 MW geopressured geothermal facility in Texas

Sage Geosystems/SMECI 3 MW Pilot

Sage raised $17M in Series A funding led by Chesapeake Energy Corporation to fund the first commercial geopressured EGS facility (SMECI), a 3 MW plant in South Texas that pumps cool water through deep hot rock to extract geothermal heat without relying on natural reservoirs.

• Series A led by Chesapeake Energy; also backed by Helium-3 Ventures, Virya, Nabors and Ignis Energy
• 3 MW facility in Texas is first commercial geopressured geothermal system (GGS)
• Technology pumps fluid through hot rock without needing natural geothermal reservoirs, enabling deployment in regions without traditional geothermal geology