XGS Energy, a trailblazer in geothermal energy technology and project development, has acquired Capuano Engineering Company, a globally recognized leader in geothermal drilling and completion services.
By adding the expertise of Capuano Engineering Founder, President, and CEO Louis (Lou) Capuano, Jr., and his team, XGS will expedite the deployment of its proprietary closed-loop heat-harvesting technology and deliver groundbreaking geothermal projects worldwide.
Technology Synergy for Next-Generation Geothermal
XGS’s patented Thermal Reach Enhancement (TRE) system utilizes materials with thermal conductivity 50 times greater than rock, enabling high-efficiency closed-loop geothermal systems. Unlike traditional geothermal solutions that rely on water reservoirs and specific geological conditions, XGS’s technology can be implemented virtually anywhere.
Executive Perspectives on the Acquisition
“Lou Capuano is arguably the most technically and operationally experienced geothermal drilling engineer globally. His expertise and capabilities are crucial as we embark on the construction of large-scale geothermal power infrastructure projects worldwide,” stated Josh Prueher, CEO of XGS Energy.
“This acquisition marks another significant step forward in assembling a top-tier team of technology and operational experts to deliver clean, reliable, and resilient geothermal energy at scale.”
Capuano Engineering’s Legacy and Leadership
Capuano Engineering, founded by President and CEO Lou Capuano, Jr., boasts one of the most seasoned and respected geothermal drilling and completion experts at its helm.
With experience drilling hundreds of geothermal wells worldwide, Lou has twice served as President of the Geothermal Resources Council (now Geothermal Rising), the leading international trade association for the geothermal energy industry.
Alongside Capuano Engineering Vice President, Louis Capuano III, he has developed and led numerous geothermal drilling courses, training industry professionals and students globally.
Shared Vision for Geothermal’s Future
“Throughout my collaboration with the XGS team, I have been consistently impressed by the potential of their technology to revolutionize the geothermal industry worldwide,” said Lou Capuano, Jr.
“By merging XGS’s disruptive technology with our extensive operational experience, I firmly believe we have the opportunity to spearhead the next-generation geothermal market. I am thrilled to be a part of the future of geothermal energy.”
Maintaining the Brand and Expanding Services
Following the acquisition, Capuano Engineering will operate as a subsidiary of XGS while preserving its renowned brand. ‘Capuano Engineering, an XGS Energy Company’ will continue to offer services to both traditional hydrothermal and next-generation geothermal developers and operators, while dedicating a portion of its resources to advancing XGS’s technology and projects.