TDK Ventures has invested $38 million in Rodatherm Energy Corporation's Series A funding round to advance its innovative geothermal energy technology.

Information on the Target

Rodatherm Energy Corporation is a privately owned geothermal power generation company, primarily focused on the Great Basin region of the Western United States. Established with a vision to harness geothermal energy, Rodatherm specializes in developing advanced geothermal technologies that provide sustainable and reliable energy solutions.

The company's flagship product is the Advanced Geothermal System (AGS), an innovative fully pressurized and cased closed-loop system. This technology employs a novel working fluid and targets sedimentary basins known for their high natural convection. The AGS aims for a multi-decade operating lifespan while minimizing environmental impact by avoiding the use of fresh water and maintaining a compact surface footprint.

Industry Overview in the Target's Specific Country

The United States has a robust renewable energy sector, with significant advancements in the geothermal industry. Geothermal energy, recognized as a low-emission energy source,