Article

Rodatherm Energy, a startup emerging in the geothermal power sector, has raised $38 million in Series A funding to develop a novel closed-loop geothermal system using refrigerants instead of water. This innovative approach promises significant efficiency improvements and reduced water usage, targeting the Great Basin region for initial deployments.

The funding round, led by TDK Ventures, reflects growing investor confidence in geothermal solutions as a means to provide competitive baseload energy. However, challenges remain in scaling the technology and ensuring long-term affordability.