AltaRock
Latest round
- Series B
Last raised
- Aug 2008
Total raised
- $30M
Investors
- 5
About AltaRock
Founded in 2007 and headquartered in Seattle, US, AltaRock Energy is dedicated to developing Enhanced Geothermal Systems (EGS) technology. The company was founded by Aaron Mandell, who has a history of engagement in innovative energy solutions.AltaRock Energy (ARE) focuses on developing Enhanced Geothermal Systems (EGS) technology, specializing in Superhot Rock (SHR) geothermal energy. Their product line encompasses advanced drilling technologies, innovative well completion techniques, and reservoir engineering solutions designed for high efficiency in geothermal energy production. ARE employs non-mechanical drilling methods, including plasma and millimeter wave techniques, to reach depths surpassing 7 kilometers. The company also engineers high-temperature materials to withstand the extreme conditions in SHR environments, ensuring the durability of geothermal wells.AltaRock Energy generates revenue through strategic collaborations and partnerships with research institutions and energy companies focused on advancing geothermal technology. Their revenue streams are primarily derived from the commercialization of EGS technologies, including patented drilling methods and materials integrated into geothermal projects. The pricing model varies based on project specifications, though detailed pricing structures remain undisclosed.30 mn to expand its product offerings and enhance market presence. The company is currently working on launching new drilling technologies aimed at improving geothermal energy extraction efficiency, with anticipated releases in the coming years. Furthermore, AltaRock aims to extend its market reach into international regions, specifically targeting Europe for new project collaborations by the end of 2025.
Who invested in AltaRock
5 investors across 2 rounds
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Questions about AltaRock
Who invested in AltaRock?
AltaRock has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AltaRock raised?
AltaRock has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did AltaRock last raise money?
AltaRock's most recent round on record is a Series B, in Aug 2008.
What does AltaRock do?
Founded in 2007 and headquartered in Seattle, US, AltaRock Energy is dedicated to developing Enhanced Geothermal Systems (EGS) technology.
Where is AltaRock headquartered?
AltaRock is headquartered in Seattle, US.
Which VCs invest in companies like AltaRock?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back renewable energy companies at AltaRock's stage. Their profiles are linked below.
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