GA Drilling, a Houston, TX-based company which specializes in deep geothermal energy, raised $15M in funding.
Backers included Nabors, Christian Oldendorff’s new Family Office, alfa8, the previous CEO of private equity firm EQT, Thomas von Koch, newly established geothermal fund Underground Ventures, and Slovakia-based, Neulogy Ventures.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Igor Kocis, GA Drilling is a leader in deep geothermal drilling technology, which offers a secure solution for a local and independent source of electricity, heating, clean water, and food production. The company’s scalable, modular solutions are able to access this clean, baseload energy source fast, at deep depths, and cost-effective than before, even through hard rock and steel.
FinSMEs
18/04/2024