GA Drilling, a Houston, TX-based firm which makes a speciality of deep geothermal power, raised $15M in funding.
Backers included Nabors, Christian Oldendorff’s new Household Workplace, alfa8, the earlier CEO of personal fairness agency EQT, Thomas von Koch, newly established geothermal fund Underground Ventures, and Slovakia-based, Neulogy Ventures.
The corporate intends to make use of the funds to broaden operations and growth efforts.
Led by CEO Igor Kocis, GA Drilling is a pacesetter in deep geothermal drilling expertise, which presents a safe answer for a neighborhood and impartial supply of electrical energy, heating, clear water, and meals manufacturing. The corporate’s scalable, modular options are capable of entry this clear, baseload power supply quick, at deep depths, and cost-effective than earlier than, even by onerous rock and metal.
FinSMEs
18/04/2024
