geothermal energy
Geothermal startup Fervo Energy is tapping fresh $221M round, filing reveals
The company draws heavily on drilling techniques pioneered by the oil and gas industry and has a deal with Google to provide carbon-free power.
Geothermal startup Quaise is raising $25M as it gears up for drilling
The new priced round comes as the company gears up for drilling test boreholes next year using its gyrotron-powered rig.
Meet 5 startups working to harness the Earth’s heat to save the planet
To tap into the massive amount of heat the Earth generates, enhanced geothermal startups are focused on advanced drilling techniques.
Featured Article
A step forward for CO2 capture
The air we breathe has a carbon problem. But in Hellisheidi, Iceland, a geothermally active plateau just outside of Reykjavik, a new technology is taking a small but mighty step toward fixing it. A plant called Orca, built by Climeworks, is the first-ever facility where CO2 is being filtered directly from the air and stored…
GM is investing in a California lithium extraction project
General Motors is investing in domestically sourced lithium. The company said Friday it became the first investor in an Australian company’s project to extract the mineral, a critical component of…
Geothermal technology has enormous potential to power the planet and Fervo wants to tap it
Tapping the geothermal energy stored beneath the Earth’s surface as a way to generate renewable power is one of the new visions for the future that’s captured the attention of…
Geothermal startups get another boost from Chevron as the oil giant backs a geothermal project developer
The U.S.-based oil major Chevron is doubling down on its investment in geothermal power by investing in a Swedish developer of low-temperature geothermal and heat power projects called Baseload Capital.…
Geothermal home heating gets a $30 million boost from Bill Gates’ Breakthrough Energy Ventures
There’s a low-energy solution to home heating and cooling sitting right underneath most houses, but until recently no one has been able to tap it at a low enough cost…
HyperSciences raises an untraditional $9.6M for its hypersonic drilling vision
We profiled HyperSciences in February, when the team had just successfully completed a launch milestone for a small business grant with NASA. The last time we checked in, the hypersonic…
Bill Gates and Jeff Bezos-backed fund invests in a global geothermal energy project developer
Breakthrough Energy Ventures, the investment firm financed by billionaires like Jeff Bezos, Bill Gates, and Jack Ma that invests in companies developing technologies to decarbonize society, is investing $12.5 million…
HyperSciences wants to ‘gamechange’ spaceflight with hypersonic drilling tech
It’s no coincidence that Elon Musk wants to both tunnel down into and soar above the Earth. If you ask the team at HyperSciences, the best way to get to…
