Media
Geothermal Startup Uses Refrigerants, Not Water, to Make Energy
(Bloomberg) — A next-generation geothermal startup is planning to build a pilot system in Utah following a $38 million Series A fundraising round, as it takes initial steps to capitalize on the artificial intelligence-driven power boom. Read more on the Financial Post.
Rodatherm Secures USD 38 Million Oversubscribed Series A Funding to Pioneer NextGeneration Geothermal Energy
SALT LAKE CITY, Utah – [September 15, 2025] – Rodatherm, a pioneer in next-generation geothermal energy, has successfully closed an oversubscribed $38 million Series A funding round. This is the largest first venture raise for a geothermal startup of all time, underscoring the booming industry and ground-breaking technology Rodatherm has developed. The financing was led by Evok Innovations and included participation from TDK Ventures, Toyota Ventures, TechEnergy Ventures, MCJ, Active Impact Investments, Renewal Funds, Grantham Foundation for the Protection of the Environment, Giga Investments, and others.
BLM Approves Rodatherm Geothermal Project in Beaver/Millard, Utah
The Bureau of Land Management (BLM) has announced the approval for the Rodatherm Geothermal Test Bed project. This is a project proposed by Rodatherm Energy Corporation (Roda) that aims to assess the commercial viability of an advanced geothermal power generation facility on BLM-managed lands in Beaver and Millard Counties in Utah.
BLM Approves Advanced Rodatherm Geothermal Test Bed Project
CEDAR CITY, Utah – Today, the Bureau of Land Management approved the Rodatherm Geothermal Test Bed project, which would assess the commercial viability of an advanced geothermal electricity generation facility on BLM-managed lands in Beaver and Millard counties, Utah. Successful testing has the potential to support future commercial development, continuing the BLM’s commitment to clean energy development on our nation’s public lands.