# Rodatherm Energy Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rodatherm-energy

- Headquarters: Salt Lake City, US
- Website: www.rodatherm.com
- Total disclosed funding: $38M
- Latest round: Series A (Sep 15, 2025)
- Investors on record: 9

## About

Rodatherm Energy Corporation, based in the US, specializes in geothermal power generation, harnessing innovative technology to deliver renewable energy solutions for diverse clients.Rodatherm Energy Corporation, founded in 2021, operates from its headquarters in Salt Lake City, US, focusing on geothermal power systems. In September 2025, Rodatherm Energy Corporation raised USD 38 million in series A funding led by new investor Evok Innovations, with participation from other new investors TDK Ventures, Toyota Ventures, TechEnergy Ventures, MCJ, Active Impact Investments, Renewal Funds, Grantham Foundation, and GIGA Investments Corp. Other unspecified investors also participated in the round. The founder's history is not specified.Rodatherm Energy Corporation specializes in geothermal power generation, primarily utilizing its Advanced Geothermal System (AGS) technology. This core offering allows for the efficient conversion of geothermal energy into electricity, providing a clean and sustainable power source. The company’s systems are designed to produce versatile baseload and dispatchable power, capable of generating over 300 MW, thus addressing the growing demand for reliable energy solutions. Rodatherm serves a diverse client base within the Great Basin region and other targeted markets across the Western United States, catering to utility companies and large-scale energy consumers focused on renewable sources. The end-use cases for these products include powering residential, commercial, and industrial facilities that prioritize sustainability and cost-effectiveness in their energy procurement strategies.Rodatherm Energy Corporation generates revenue through direct partnerships with utility providers and large energy consumers, who leverage the company's geothermal power solutions. The transaction structure typically involves long-term power purchase agreements (PPAs), where clients commit to purchasing electricity at predetermined terms, ensuring stable revenue flow for Rodatherm. Pricing plans may vary based on contract duration and the scale of energy consumption, aligning with the specific needs of the client base. The flagship Advanced Geothermal System (AGS) plays a critical role in these agreements, showcasing the company’s commitment to delivering dependably priced, renewable energy. The revenue model is underpinned by the increasing demand for cleaner power sources, positioning Rodatherm to capitalize on the shift towards sustainable energy solutions in the market. In September 2025, Rodatherm Energy Corporation raised USD 38.00 mn in Series A funding to support the production of its 1.8-megawatt pilot geothermal plant. The company aims to expand into new markets, specifically targeting regions beyond the Great Basin and into other parts of the Western United States. These initiatives will bolster Rodatherm's capabilities in delivering geothermal energy solutions and addressing the rising demand for sustainable power.

## Funding rounds

- Series A, Sep 15, 2025, $38M — Grantham Foundation, Renewal Funds, Evok Innovations, Toyota Ventures, Active Impact Investments, TDK Ventures, MCJ, GIGA Investments Corp, TechEnergy Ventures

## Investors

- Grantham Foundation — Series A
- Renewal Funds (https://capitalatlas.ai/funds/renewal-funds) — Series A
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series A
- Toyota Ventures (https://capitalatlas.ai/funds/toyota-ventures) — Series A
- Active Impact Investments (https://capitalatlas.ai/funds/active-impact-investments) — Series A
- TDK Ventures (https://capitalatlas.ai/funds/tdk-ventures) — Series A
- MCJ (https://capitalatlas.ai/funds/mcj) — Series A
- GIGA Investments Corp — Series A
- TechEnergy Ventures (https://capitalatlas.ai/funds/techenergy-ventures) — Series A