Dig Energy raises $5mn to industrialise lightweight geothermal drilling technology
Start-up Dig Energy has secured $5mn to launch its first pilot projects for compact geothermal drilling, aiming to cut thermal energy production costs in buildings without relying on conventional oilfield rigs.
| Countries | États-Unis |
|---|---|
| Sector | Énergie Géothermique, Surface |
| Theme | Investissements & Transactions, Financement, Développement de projets |
US-based company Dig Energy has announced it has raised $5mn (approximately €4.67mn) to fund pilot deployments of its patented surface geothermal drilling technology. The goal of the funding round is to demonstrate the industrial viability of a new type of compact drill specifically designed for shallow geothermal systems. The round was co-led by Azolla Ventures and Avila VC, with participation from several institutional investors specialising in infrastructure and climate technology.
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