Geothermal Isn't Expensive: The Reservoir Always Has the Final Say Somewhere beneath a volcanic ridge, a drill bit is turning through rock that has not moved in two million years. It costs money every second it turns. And nobody on the surface — not the engineer, not the financier, not the minister who announced the megawatts — knows yet whether that well will produce steam or silence. That single moment explains almost everything people get wrong about geothermal energy. Geothermal is routinely described as expensive, slow, capital-hungry and haunted by drilling risk. Investors are reminded that tens of millions can disappear underground before a single megawatt reaches a grid. All of that is true. But it is not the whole truth. The uncomfortable question the industry keeps avoiding is this: is geothermal expensive, or is the way we develop geothermal making it expensive? Those are two completely different problems. One is geology. The other is us. Why Geothermal Refuses to Be...
Geothermal Startup Bedrock Energy Secures $12M to Revolutionize Carbon-Free HVAC for Buildings By: Robert Buluma In a groundbreaking move for the geothermal energy sector, Bedrock Energy , a Texas-based geothermal technology startup, has successfully raised $12 million in a Series A funding round. The funds aim to accelerate the development and deployment of their innovative, carbon-free heating and cooling solutions for buildings. With the increasing urgency to combat climate change, Bedrock Energy technology is set to play a significant role in reducing greenhouse gas (GHG) emissions from buildings—a sector responsible for 15% of global carbon emissions. A Game-Changer for Urban Geothermal Systems Founded in 2022, Bedrock Energy has positioned itself as a pioneer in geothermal HVAC systems. Their cutting-edge technology integrates autonomous drilling with advanced subsurface modeling, significantly reducing the time and space required for geothermal in...