Rodatherm Energy wants to make geothermal more efficient, but will it be cheaper?
Rodatherm Energy has secured $38 million in Series A funding to develop a closed-loop geothermal power plant utilizing refrigerants for heat transfer.
MAIN POINTS
- Rodatherm Energy has emerged from stealth mode with significant funding.
- The company raised $38 million in Series A funding.
- Plans include building a closed-loop geothermal power plant.
- The plant will use refrigerants to transfer heat to the surface.
TAKEAWAYS
- Rodatherm Energy is focusing on innovative geothermal energy solutions.
- The use of refrigerants is a key component of their geothermal technology.
- Significant investment indicates strong confidence in their technology.
- The closed-loop system aims to efficiently harness geothermal energy.