News Summary

• Rodatherm Energy, a new geothermal startup, emerged from stealth Monday with $38 million in funding and a plan to build a pilot plan in Utah.
• The startup differentiates itself by plumbing its boreholes with a closed loop, likely made of steel, that’s filled with a refrigerant.
• That contrasts with other enhanced geothermal companies, which tend to use water to transport heat from deep within the Earth.
• The company plans to use the Series A funding to complete a small pilot 1.8-megawatt pilot plant in Utah by the end of 2026.