Hephae Energy Technology develops ultrahigh-temperature robotics, including drilling systems designed to enable precise well positioning for geothermal projects by overcoming temperature and reliability limitations of conventional drilling tools. Its technology aims to access deeper, hotter rock to support expanded geothermal energy development and to increase drilling speed and reliability. The company is led by CEO Steve Krase and is based in Houston, TX. Financially, Hephae has now raised a total of $24.7M following its $17.8M Series A. The newly raised funds are intended to accelerate commercial deployment of its advanced drilling systems and move the company toward broader market commercialization.

Total raised

$18M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2026