Exceed GeoEnergy signs 110-MW geothermal PPA with Presidio, Texas

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Exceed Geo Energy has entered into a significant 110-MW geothermal power purchase agreement (PPA) with the Presidio Municipal Development District (PMDD) in Presidio County, Texas. This agreement, formalized during the 'Presidio Vision 2035' student competition, is expected to greatly enhance the region's electricity capacity, surpassing current local demand and positioning Presidio as a strategic location for industrial development. The geothermal facility is also anticipated to provide stability to the local power grid, which has faced outages, and could serve as a blackstart resource to restore power during major outages.

John T. Kennedy, PMDD Executive Director, emphasized that this commitment goes beyond meeting energy needs; it lays the groundwork for economic growth by providing reliable, clean power for various industries. The project builds on a resource assessment conducted by the University of Texas Bureau of Economic Geology, validating the geothermal potential in the area. With commercial operations expected to begin by late 2026, the initial phase will activate 9.9 MW, eventually expanding to the full capacity. This development is seen as a strategic move to leverage Presidio's unique advantages in international trade and access to geothermal resources, ultimately transforming the regional economy.