In a move hailed as a transformative milestone for West Texas, the Presidio Municipal Development District (PMDD) has signed a 110 MW power purchase agreement (PPA) term sheet with Exceed Geo Energy
The deal, formalised on May 22 during the inaugural “Presidio Vision 2035” student innovation event, sets the stage for one of the largest geothermal projects of its kind in the region and aims to spark broad-based economic growth.
More than a response to current energy demands, this agreement is designed to provide surplus clean, reliable electricity that will attract energy-intensive industries to Presidio’s strategic border location.
“This 110 MW 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 PPA builds on a 2023 geothermal resource assessment, backed by PMDD and conducted by the University of Texas Bureau of Economic Geology, which confirmed the region’s strong geothermal potential. With this validation, Presidio is poised to host the first geothermal project of this scale and type in Texas.
Exceed Geo Energy CEO Tim Tarver, a veteran of the energy sector, emphasised the project’s wider significance for the community. “Growing up in a town even smaller than Presidio, I understand both the challenges and the incredible potential that exists in communities like this,” he said. Tarver stressed the importance of enabling local prosperity through energy development that empowers people to stay and thrive in their hometowns.
Engineered geothermal systems provide continuous, stable electricity – an essential asset for Presidio, which currently lies at the far end of the ERCOT grid and is prone to blackouts. The new plant will significantly enhance the region’s energy security and may serve as a blackstart resource to help restore wider grid power in emergencies.
With abundant energy capacity, Presidio becomes a more attractive site for high-value industries, such as cold storage logistics, data centres, manufacturing, and agricultural processing operations that can capitalise on regional trade infrastructure and supply chains.
Roadmap to 2026
The PPA outlines staged power delivery, with an initial 9.9 MW expected online by late 2026. This will be followed by phased development reaching the full 110 MW output.
With access to a robust geothermal resource, proximity to trade corridors, and strategic location near major urban markets, Presidio is now positioned for major industrial investment – driven by clean, consistent power.
The project not only marks a leap forward for renewable energy in Texas but also embodies a long-term vision for community-driven development, where students, residents, and businesses work together to realise the region’s full potential.