From the Presidio Municipal Development District
PRESIDIO – Strategic land agreements executed in recent weeks have positioned Presidio to host Texas’ first carbon-negative geothermal energy facilities. One agreement was finalized between the Presidio Independent School District and Exceed Geo Energy for 15 acres near the electrical substation. The second lease is between the Presidio Municipal Development District (PMDD) and Exceed Geo Energy for about 42 acres at the Industrial Park. These parcels will accommodate two geothermal power plants capable of generating 110 megawatts under the power purchase agreement framework announced in May.
The multi-decade lease revenues will provide a stable revenue stream for both PMDD and Presidio ISD, supporting community development and education well into the middle of this century. Meanwhile, construction of the twin facilities will create immediate jobs, with permanent positions to follow once operations commence. “We’re building a future that benefits our students, our residents, and our economy while contributing to Texas’s energy security,” said Laura Portillo, PMDD board president. “Let’s get this show on the road. We’ve done the planning, secured the partnerships, and now it’s time to deliver results.”
“These agreements reflect the extraordinary partnership between Exceed and the Presidio community,” said Tim Tarver, CEO of Exceed Geo Energy. With land leased through the 2060s, Exceed is poised to initiate permitting, comprehensive site assessments, environmental impact studies, and grid integration planning for both facilities. Exceed Geo Energy has committed to bringing the first 9.9 megawatts online by the end of 2026, with full build-out to follow. The twin facilities will employ carbon-negative technology that can sequester carbon dioxide while generating electricity, a breakthrough approach that could transform renewable energy economics. According to Tarver, “Presidio is writing a new chapter in the global energy story.”
PMDD Executive Director John T. Kennedy emphasized the collaborative nature of the work ahead: “These agreements demonstrate that rural Texas communities can lead on energy innovation when we leverage our unique resources and work together to drive economic growth in new industries. The city, county, and state will be essential partners as we navigate the complexities of bringing these facilities online.”
Despite the challenges ahead, Kennedy remains confident. “Presidio’s geothermal approach offers a compelling solution to Texas’ need for clean, reliable energy sources to meet growing demand,” he said. As the first megawatts start flowing in 2026, Presidio’s output will not only validate the technology, “it will also vindicate the vision of a small Far West Texas community that boldly chose to lead.”