StoryFunding
Sage Geosystems raises $45M in Series A funding led by Andreessen Horowitz and others
Sage GeosystemsSMECI 3 MW Pilot
Sage Geosystems closed a $45M Series A funding round with 18 investors including Andreessen Horowitz, Founders Fund, Lux Capital, and others. The funds support development of the first commercial geopressured EGS facility and scaling the pressure geothermal technology.
- Series A second close of $45M announced August 2024
- 18 investors including major VCs (a16z, Founders Fund, Lux Capital) and angels
- Funding accelerates deployment of geopressured EGS technology for data center baseload power