Critical Energy Raises $22M for Modular Geothermal Turbines, First Project at The Geysers by 2027
Key Questions
How much funding did Critical Energy secure and for what purpose?
Critical Energy raised $22 million to develop modular geothermal turbines using rocket-engine manufacturing methods.
When is Critical Energy's first project expected to come online?
The company's first 2.5 MW project is planned at The Geysers by 2027, with a 5 MW module for enhanced geothermal to follow.
What industry challenge does Critical Energy seek to address?
It targets the looming turbine shortage as geothermal scales, offering faster and potentially lower-cost modular alternatives to traditional large turbines.
SpaceX alum Spencer Jackson raised $22M for Critical Energy to build modular geothermal turbines leveraging rocket engine manufacturing. First 2.5 MW project at The Geysers by 2027, with a 5 MW module for enhanced geothermal. Addresses a looming turbine shortage as geothermal scales, potentially outcompeting traditional large turbines on cost and speed.