Last deal

$150K

Amount

Grant

Stage

22.11.2021

Date

3

all rounds

$1.65M

Total amount

Financing round

General

About Company
Geothermal Technologies is a sustainable energy company that provides global access to clean, economically competitive geothermal energy.

Industry

Sector :

Subsector :

Keywords :

founders

Last funding type

Grant

IPO status

Private

Description

The company has developed a unique underground heat exchanger based on radiators used in internal combustion engines, and is aggregating a series of state-of-the-art oil and gas and power production technologies into a sophisticated system that will solve the flaws of past and present EGS development efforts. With drilling, imaging, and sculpting, Geothermal Technologies has engineered a process that will revolutionize the geothermal and energy industries, delivering sustainable renewable energy for a greener world.
Contacts

Social url

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Financials

Funding Rounds
3
3

Number of Funding Rounds

$1.65M

Money Raised

Their latest funding was raised on 22.11.2021. Their latest investor Maryland Innovation Initiative (MII). Their latest round Grant

Date 
Funding Round 
Investors 
Money Raised 
Lead 
01.04.2021
$500K
01.05.2019
$1M
Maryland Innovation Initiative (MII)

Maryland Innovation Initiative (MII)

Maryland Innovation Initiative partners with academic research institutions to commercialize research.

Sector

Consumer Services

Subsector

Education Services

Keywords

University, Higher Education, Biotechnology

Location

Columbia, MD, USA

count Of Investments

23

count Of Exists

1
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Maryland Innovation Initiative (MII)

Maryland Innovation Initiative (MII)

Maryland Innovation Initiative partners with academic research institutions to commercialize research.

Sector

Consumer Services

Subsector

Education Services

Keywords

University, Higher Education, Biotechnology

Location

Columbia, MD, USA

count Of Investments

23

count Of Exists

1

Robert Hallenbeck

Arti Santhanam

Arti Santhanam

Renee M. Winsky

current job

Maryland Department of Business and Economic Development
Maryland Department of Business and Economic Development

People

Founders
1
Jim Hollis
Jim Hollis

Jim Hollis

Jim Hollis is the Co-Founder and COO of Geothermal Technologies. He attended the University of Utah.

current job

Geothermal Technologies
Geothermal Technologies

organization founded

2

Jim Hollis

Employee Profiles
2
Jim Hollis

Jim Hollis

Co-Founder, COO

J. Gary McDaniel

CEO

Activity

Recent News
0