TDK Ventures Invests in Rodatherm to Accelerate Next-Generation Geothermal Energy
TDK CORP S/ADR (TTDKY)
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Company Research
Source: Business Wire
Rodatherm Energy Corporation is a privately held geothermal power-generation company with a primary focus on the Great Basin region in the Western United StatesGeothermal energy is a low-emission energy source that contributes to a greener and more sustainable future; it may be the first baseload, low-carbon, affordable generation technology availableRodatherm’s patented advanced geothermal system (AGS) is a fully pressurized and cased closed-loop system, analogous to a heat pump, that uses a novel working fluid and targets sedimentary basins with high natural convection. The system has a targeted operating life span of multiple decades, does not use fresh water, and has a small energy dense surface footprint SAN JOSE, Calif.--(BUSINESS WIRE)--TDK Corporation (TSE: 6762) announced today that its corporate venture-capital subsidiary, TDK Ventures, Inc., is investing in geothermal power-generation company Rodatherm’s $38M Series A funding round. The strategic investment will help adv
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