Bedrock Energy develops deep-bore geothermal systems that reach roughly 800–1,200 feet to deliver more land-efficient heating and cooling for commercial customers. The company targets commercial buildings where land is at a premium and has completed two installations to date: an office building in Austin, Texas, and a resort in Utah. Bedrock has begun exploring geothermal cooling for data centers and partnered with Dominion Energy last fall to study that application, while noting technical challenges such as continuous heat rejection and wider bore spacing. It says deep geothermal cooling can be about twice as efficient as water- and air-based cooling at peak conditions and can reduce electricity demand spikes. To support growth, the company is investing in expanding operations and research and development with a focus on automation to speed installations. Bedrock expects to be profitable on a per-project basis within the next year. Bedrock Energy builds ground-source heat pump systems by drilling boreholes roughly 1,000–2,000 feet deep to increase per-bore heating and cooling capacity for tall or land-constrained buildings. The company combines subsurface data gathered during drilling with predictive models to size borefields and optimize depth and count for a building’s heating and cooling mix. Bedrock pairs software with purpose-built and adapted oil-and-gas drilling rigs to cut costs and enable installations in urban and industrial sites. Leadership draws on oil-and-gas expertise (including founder Silviu Livescu) and includes co-founder and CEO Joselyn Lai. With the recent seed, the company is targeting 30–50% drilling cost reductions in year one and longer-term improvements via autonomous drilling operations. Near-term plans include completing a pilot project in Texas, hiring staff, refining models, and lining up additional pilots next year; the company expects to benefit from Inflation Reduction Act geothermal tax credits through 2032.

Total raised

$21M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2025