TDK Ventures Backs Rodatherm to Propel Next-Gen Geothermal Energy Development
Rodatherm Energy Corporation Overview: Rodatherm is a geothermal power-generation company focused on the Great Basin region, utilizing a patented Advanced Geothermal System (AGS) that operates efficiently without fresh water and has a long lifespan.
Investment from TDK Ventures: TDK Ventures has invested $38 million in Rodatherm's Series A funding round to support the development of its innovative closed-loop geothermal technology, which aims to provide affordable and sustainable energy solutions.
Technological Advantages: Rodatherm's AGS features a closed-loop design that minimizes fluid loss and contamination, uses significantly less working fluid than traditional systems, and achieves higher efficiency, positioning it competitively against fossil fuels.
Future Plans: The funding will be used to build a pilot system in Utah, demonstrating the technology's capabilities and paving the way for larger power project developments, while TDK Ventures continues to support cleantech innovations globally.
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