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Rodatherm Energy, a new geothermal startup, emerged from stealth Monday with $38 million in funding and a plan to build a pilot plan in Utah.
The startup differentiates itself by plumbing its boreholes with a closed loop, likely made of steel, that’s filled with a refrigerant. That contrasts with other enhanced geothermal companies, which tend to use water to transport heat from deep within the Earth.
The Series A round was led by Evok Innovations with participation from Active Impact Investments, Giga Investments, Grantham Foundation…
