Exceed GeoEnergy signs 110-MW geothermal PPA with Presidio, Texas
Exceed Geo Energy has signed a 110-MW geothermal PPA with Presidio, Texas, providing stable power and commercial development opportunities for the region.
The Presidio Municipal Development District (PMDD) of Presidio County, Texas and Exceed Geo Energy have signed a 110-MW geothermal power purchase agreement, in what is described as a transformative development opportunity for the region. The agreement was formalized during the inaugural “Presidio Vision 2035” student competition.
The PPA is exceptionally beneficial for Presidio as it will deliver substantially greater electricity capacity than current local demand. This means that the future power infrastructure will be vital in attracting major industrial development to the strategic border location.
The stability that geothermal offers is particularly significant for Presidio, which currently sits at the end of the line on the ERCOT grid and has experienced prolonged outages. The geothermal facility could also potentially serve as a blackstart resource capable of helping restore power to the broader Texas grid during major outages.
“This 110-megawatt commitment represents far more than meeting our current energy needs,” said John T. Kennedy, PMDD Executive Director. “We’re creating the foundation for transformative economic growth: the kind of reliable, clean power that can support data centers, refrigerated logistics, expanded manufacturing, and value-added processing facilities that take advantage of our unique position in the North American trade corridor.”
The agreement builds on last year’s resource assessment funded by PMDD and conducted by the University of Texas Bureau of Economic Geology, which provided crucial technical validation for the region’s geothermal potential. This comprehensive approach positions Presidio to become the first active geothermal project of this scale and type.
Tim Tarver, CEO of Exceed Geo Energy, brings decades of experience in the energy industry. “Growing up in a town even smaller than Presidio, I understand both the challenges and the incredible potential that exists in communities like this,” Tarver said. He went on to explain that the project represents more than energy development, focusing instead on building real economic opportunity that allows people to thrive in their home communities.
Exceed Geo Energy is also working on a 5-MW geothermal pilot project in Austin, Texas in partnership with local utility Austin Energy.
Project timeline
The power purchase agreement will establish comprehensive terms for energy delivery, with commercial operations expected to begin by late 2026. The initial phase will bring 9.9 MW online, followed by expansion to the full 110-megawatt capacity.
PMDD Board President Alonso Hernandez noted that the timing of the agreement framework during the student competition perfectly captured the community’s commitment to both honoring its future generations and building the infrastructure necessary for long-term prosperity.
The geothermal development represents strategic planning that recognizes Presidio’s unique advantages: a critical position in international trade flows, proximity to major metropolitan markets, and access to world-class geothermal resources. The 110-MW capacity provides the kind of industrial-scale power generation that can transform regional economics by supporting data centers, manufacturing plants, and agricultural processing facilities simultaneously.
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Source: Exceed Geo Energy
