Announced
Completed
Financials
Tags
Venture Capital
United States
Domestic
Minority
Private
Completed
Friendly
Single Bidder
geopressured geothermal systems
geothermal energy
Renewable Energy Equipment
Acquisition
Private Equity
Synopsis
Chesapeake Energy, an American exploration and production company, led a $17m Series A round in Sage Geosystems, a transformative geothermal energy company, with participation from Arch Meredith, Helium-3 Ventures, Virya, Nabors Industries and Ignis Energy. The proceeds will fully fund the first of its kind 3MW commercial Geopressured Geothermal System facility, which will be built in Texas.
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