Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal

Geothermal startup Mazama Energy raised $135 million in an oversubscribed Series B, the startup said Thursday. The fresh funding will help the company develop horizontal wells in super-hot rocks capable of generating 15 megawatts of electricity per well. Mazama plans to start generating electricity sometime next year and said its first site in Oregon is…

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SpaceX alum nabs M to show rocket engines into geothermal energy vegetation

SpaceX alum nabs $22M to show rocket engines into geothermal energy vegetation

Few power sources can prime geothermal’s potential, with no less than 42 terawatts of capability accessible worldwide, according to the IEA, greater than twice the world’s power use final 12 months. The expertise is shaping as much as be the power world’s darkish horse, despite the fact that funding within the tech pales compared to…

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