Founded with a vision to transform geothermal energy, they are leading the charge in the development of next-gen geothermal systems.
By combining cutting-edge technology and innovative engineering, they aim to unlock geothermal energy's full potential as a scalable, sustainable power source.
Their focus is on tapping into the Earth's natural heat to provide clean, reliable, and renewable energy for the grid.
With a deep commitment to solving energy challenges, they are expanding geothermal into regions and sectors that were once considered out of reach.
Significant growth has been achieved, driving forward projects that bridge the gap between today’s energy needs and tomorrow's sustainable future.
They are pushing the boundaries of geothermal by leveraging AI and advanced modeling to optimize the performance of their projects.
Their standout approach includes creating geothermal solutions that are flexible, scalable, and integrated into existing energy infrastructure.
Culture + Values
Environment + Sustainability
$400M+ Equity Raised
Funding for Geothermal Expansion
Raised over $400 million in equity and $17 million in grants to scale EGS systems focused on firm clean baseload.
3.5 MW Power Achieved
Geothermal System Milestone
First commercial horizontal well pair geothermal system with 3.5 MW baseline power and 60 L/s flowrate achieved on July 18, 2023.
~70% Cost Reduction
Efficient Drilling Advancements
Reduced drilling time by ~70%, cutting costs from $9.4 million to $4.8 million per well at Cape Station.
33 MW & 320 MW PPAs
Clean Energy Contracts
Signed power purchase agreements totaling 33 MW with Clean Power Alliance and 320 MW with Southern California Edison, avoiding approximately 21,005 metric tons of CO₂ annually.
Provides 24/7 carbon-free energy via next-generation geothermal power
Cape Station project fully permitted for up to 2 GW, begins electricity generation in 2026
Combining geothermal with direct air capture for integrated carbon removal
Net-zero target: implicit – deploying carbon-free energy at scale by mid-2020s