Mazama Energy raises $135M to develop superhot rock geothermal power

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Geothermal startup Mazama Energy has secured $135 million in funding, backed by prominent venture firm Khosla Ventures. The company is pursuing an ambitious approach to geothermal energy by drilling approximately three miles beneath the Earth's surface to reach superhot rock formations. A single well using this technology has the potential to generate 15 megawatts of electricity on a continuous, round-the-clock basis. The funding will support Mazama's efforts to scale this deep-drilling method as demand grows for reliable, clean baseload energy sources.

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