Blacktail Energy and RayGen Execute Strategic Agreement to Advance Multi-Asset Hybrid Power Project in El Paso, TX
Collaboration targets an initial 20–30 MW ORC and 40–50 MW PV Ultra deployment within a contemplated 1,220 MW hybrid energy hub, integrating geothermal, solar, long-duration storage, and natural gas under Blacktail's #GoodEnergy commitment.
EL PASO, Texas — 2026 — As the Borderplex region experiences surging power demand driven by Fort Bliss, residential users, and an emerging data centre corridor, Blacktail Energy Holdings Inc. (“Blacktail”) has executed a strategic Memorandum of Understanding with RayGen Resources Pty Ltd (“RayGen”). The agreement establishes a framework to integrate RayGen's photovoltaic (PV Ultra) and long-duration thermal storage (Thermal Hydro) technologies with Blacktail's power platform at the 4,480-acre Blacktail Acreage in El Paso County, Texas.
The acreage is being developed by Blacktail as a multi-technology hybrid energy hub with a total contemplated generation capacity of approximately 1,220 MW across geothermal, solar, long-duration storage, and natural gas. The site benefits from 4,480 contiguous acres of privately held land, significant geothermal potential, abundant solar viability, existing natural gas pipeline access, and proximity to Fort Bliss and the broader tri-city Borderplex region of over 2.5 million people.
“The Borderplex region requires firm, reliable, and clean energy to support critical defense assets, residential growth, and emerging data centre developments,” said Joe Navar, Chief Executive Officer of Blacktail Energy. “By combining our geothermal development program and Organic Rankine Cycle power generation capabilities with RayGen's PV Ultra and Thermal Hydro storage, we are engineering a differentiated, multi-asset generation asset. Under our #GoodEnergy campaign, we are committed to building infrastructure that strengthens regional power reliability, prioritizes local economic participation, and creates durable value for our community and investors.”
RayGen Chief Executive Officer, Richard Payne, added, “RayGen's PV Ultra and Thermal Hydro technologies were built to deliver dispatchable renewable power wherever the grid needs it most, and the Blacktail Acreage's strong solar resource and position adjacent to growing industrial and urban demand make it an ideal place to demonstrate that value. Blacktail's geothermal and ORC expertise is highly complementary to our storage and generation platform, enabling a unique technical integration between the two systems. We're pleased to be working with a partner as committed to disciplined execution and community benefit as we are, and we look forward to advancing this project toward financial close.”
Under the agreement, a Joint Technical Working Group will examine key integration and shared asset utilization opportunities, including:
- Domestic ORC Package Supply and Integration: Exploring Blacktail leading the supply and integration of Organic Rankine Cycle (ORC) systems into RayGen's plant at the Blacktail Acreage, leveraging Blacktail's ORC supply chain and integration capabilities.
- Secondary Heat Re-Use: Utilizing secondary heat from the geothermal resource as a supplemental thermal input to boost overall efficiency for RayGen's integrated power plant.
- Dual Cold Reservoir Utilisation: Utilizing RayGen's cold reservoir as a temperature sink for Blacktail's wider geothermal resource to improve constancy and operating efficiency.
- Initial Phased Deployment: Advancing engineering for an anticipated initial RayGen deployment comprising approximately 20–30 MW of ORC capacity and 40–50 MW of PV Ultra capacity, with the potential to scale alongside the broader Hybrid Power Project.
Local Alignment and the #GoodEnergy Standard
Blacktail's #GoodEnergy framework ensures that utility-scale infrastructure development delivers direct, lasting benefits to the host community and regional economy:
- Regional Economic Participation: Establishing structured visibility into technical and civil scopes to ensure local and regional contractors participate directly in project development.
- Grid and Mission-Critical Power Security: Providing bulk renewable energy, power firming, and constraint alleviation to support regional industrial growth, data centre development, and Fort Bliss without burdening municipal utility infrastructure.
- Responsible Resource Development: Leveraging high-efficiency thermal hydro storage and closed-loop geothermal cycles to deliver dispatchable power while respecting regional land and environmental resources.
- Workforce Mobilization: Creating long-term technical and operational opportunities for the region's skilled mechanical, subsurface, and energy workforce.
“#GoodEnergy means building critical infrastructure with the community and for the community,” added Navar. “Through this partnership, we are accelerating project development toward financial close and construction, providing a clear path to deliver synchronous, high-quality power ahead of schedule.”
About Blacktail Energy Holdings Inc.
Blacktail Energy Holdings Inc. accelerates the geothermal energy transition by delivering equipment, services, and project execution from spud to power. The company specializes in geothermal wellhead systems, stimulation and surface equipment, and Organic Rankine Cycle (ORC) power solutions, integrating engineering, procurement, and field services to shorten development timelines, reduce project risk, and build reliable, grid-ready geothermal capacity for owners and developers, focusing on predictable plant performance and faster paths to revenue.
Good Energy. Ahead of schedule.
About RayGen Resources Pty Ltd
RayGen Resources Pty Ltd is an Australian technology business with world-leading capability in the next generation of solar power and energy storage. RayGen's Solar Power Plant makes renewable energy available on demand. The integrated long-duration storage solution uses no critical minerals and extends at low cost to offer 48 hours+ continuous dispatch via synchronous engine, providing high-quality power at utility-scale. The system can be flexibly located and installed where the grid requires, combining RayGen's proprietary PV Ultra (solar co-generation) and Thermal Hydro (electro-thermal storage) technologies. Thermal products, such as firmed closed-loop cooling for adjacent data centres, underpin additional value offered by the system. Key investors in RayGen include SLB, Equinor, Quanta, Oxy, Chevron, AGL and Innovation Victoria.
Media & Investor Relations Contact
April Vasquez, Growth Marketing Director
Blacktail Energy Holdings Inc.
Email: [email protected]

