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Mazama Energy Secures 135 Million Dollars for Deep Geothermal Drilling

Reported by Aditya Chauhan (Staff Writer) · TechCrunch ·

Mazama Energy Secures 135 Million Dollars for Deep Geothermal DrillingRepresentative image · Pexels

Geothermal startup Mazama Energy raised 135 million dollars in an oversubscribed Series B funding round announced on Thursday. The new money will help the company build horizontal wells deep into super-hot rock formations. Each of these wells can produce 15 megawatts of electricity around the clock.

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