Reported about 8 hours ago
Rodatherm Energy, a new geothermal startup, has launched with $38 million in funding to develop a pilot plant in Utah, featuring a unique closed-loop system using refrigerants instead of water for heat transfer. This design claims to be 50% more efficient than traditional methods, though it may involve higher drilling and installation costs. Competing with established firms like Fervo Energy, Rodatherm's approach raises questions about whether increased efficiency can offset these costs as it prepares to build a small pilot plant by 2026.
Source: YAHOO