TerraThermo Limited is an Irish company formed to be a leading European deep geothermal power generation company delivering Energy From Rocks™. Its core focus is deploying enhanced "Hot Dry Rock" geothermal technology to provide low-carbon baseload power and energy storage at industrial scale. The company's first project, Projekt Thermo, aims to develop a 12MW Hot Dry Rock geothermal power plant in Lower Saxony, Germany. TerraThermo intends to subsequently develop larger deep geothermal power generation and storage projects across Europe. The company has secured an Investment Agreement with alfa8 that provides up to €1m in working capital and up to €32.5m in future financings for Projekt Thermo, subject to conditions. TerraThermo is also in discussions with the European Investment Bank on a potential parallel investment of up to €32.5m and aims to reach financial close in Q4 2024/Q1 2025.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2024