Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper?

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Rodatherm Energy, a new geothermal startup, emerged from stealth Monday with $38 million in funding and a plan to build a pilot plan in Utah. 

The startup differentiates itself by plumbing its boreholes with a closed loop, likely made of steel, that’s filled with a refrigerant. That contrasts with other enhanced geothermal companies, which tend to use water to transport heat from deep within the Earth.

The Series A round was led by Evok Innovations with participation from Active Impact Investments, Giga Investments, Grantham Foundation…



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Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper?


Rodatherm Energy, a new geothermal startup, emerged from stealth Monday with $38 million in funding and a plan to build a pilot plan in Utah. 

The startup differentiates itself by plumbing its boreholes with a closed loop, likely made of steel, that’s filled with a refrigerant. That contrasts with other enhanced geothermal companies, which tend to use water to transport heat from deep within the Earth.

The Series A round was led by Evok Innovations with participation from Active Impact Investments, Giga Investments, Grantham Foundation…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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