Former oil & gas execs turn to geothermal investment funding

Sage Geosystems (Sage), a venture focused on ‘hot dry rock’ geothermal energy development and led by former oil and gas executives, announced it has closed a US$3 million Series A round of financing led by Virya, LLC, a climate fund founded by TED Curator Chris Anderson.

Former oil & gas execs turn to geothermal investment funding Former oil & gas execs turn to geothermal investment funding Former oil & gas execs turn to geothermal investment funding Former oil & gas execs turn to geothermal investment funding Former oil & gas execs turn to geothermal investment funding

Sage Geosystems, a geothermal energy development venture led by former oil and gas executives has announced a significant funding package

As part of the financing round, Sage has entered into a non-binding letter of intent for an additional US$2 million investment by a subsidiary of US and international driller Helmerich & Payne,