According to filings with the U.S. Securities and Exchange Commission, Sage Geosystems is raising up to $41,157,629.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Cynthia Taff played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Sage Geosystems
Sage Geosystems is a transformative geothermal energy company whose core team has over 150 combined years of O&G and turbomachinery experience and more than 200 patents with a proven record of action and delivery. We have developed proprietary geothermal technologies targeting lower surface temperatures (100 to 250C) which, if successful, will reduce the cost of geothermal electricity production and enable geothermal everywhere across the U.S. and around the world. Sage is unique in that we have a bias to action and moving quickly to field testing. We also recognize there are so many different parameters that impact the design of the well and power plant, so we have developed a geothermal modeling tool called GeoTwin and have tested it with real field data from the DOE and our own field tests. This modeling tool allows us to accurately estimate the amount of geothermal power that can be generated based on geological conditions, wellbore configurations, power plant efficiencies, etc. GeoTwin is unique to the industry and gives Sage a competitive advantage by reducing the need for capital spend by accurately predicting field results via modeling.

To learn more about Sage Geosystems, visit http://www.sagegeosystems.com/

Contact:
Cynthia Taff, Chief Executive Officer
713-806-8530
https://www.linkedin.com/in/cindy-d-taff-53b77a57/

SOURCE: http://www.intelligence360.io
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