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XGS Energy develops geothermal systems for heating and cooling buildings.
Founded in 2008 and based in California, US, XGS Energy develops geothermal systems for residential and commercial heating and cooling. Its closed-loop system recirculates water to draw natural heat from the earth. In March 2025, it raised USD 13 million from Aligned Climate Capital, ClearSky, Climate Innovation Capital, WovenEarth Ventures, and other investors to support its project pipeline. Co-founders Piotr D. Moncarz and David Seldin established the company.
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