Venture Capital: Bedrock Energy Lands $8.5M For Its Geothermal Energy Solution Aimed At Commercial Buildings

Bedrock Energy on their geothermal HVAC: “Payback periods under five years enable real estate owners and investors to decarbonize large properties with double-digit internal rates of return.”

Bedrock Energy, a tech startup specializing in geothermal heating and cooling systems, has secured $8.5 million in seed capital. This funding round, led by Wireframe Ventures and featuring participation from various investors including Overture Climate VC, Long Journey Ventures, and Climate Capital, is set to accelerate the manufacturing and deployment of innovative technologies. These advancements aim to enhance the economic viability of all-electric geothermal HVAC systems, ultimately contributing to Net Zero operations for real estate properties.

The core of Bedrock’s groundbreaking approach lies in its technology stack, which integrates autonomous drilling and advanced subsurface modeling. This combination significantly boosts the speed and space efficiency of geothermal projects, enabling geothermal HVAC systems to be deployed in dense, urban settings. Furthermore, real-time construction accuracy validation through sensors and payback periods under five years make it economically feasible for real estate owners and investors to embrace carbon-free geothermal HVAC. (CISION PR Newswire)

Traditionally, the adoption of geothermal heat pumps has been slow due to the high initial costs, time, and space requirements for borefield construction. However, Bedrock Energy’s innovations are poised to change this status quo by offering unparalleled speed, cost-effectiveness, compactness, and reliability. Federal incentives can further reduce upfront costs, while state climate policies are pushing real estate owners towards decarbonization.

The team at Bedrock Energy, with extensive experience in oil and gas technology and software, is committed to rapid technology development and deployment. Their versatile approach can be applied across various retrofit and new construction projects, spanning retail, light industrial, office, education, and commercial sectors.

Bedrock Energy’s mission is to make carbon-free geothermal HVAC a leading solution to reduce emissions and energy costs in urban buildings, contributing to the decarbonization of the built environment.

Related Story:  Investors, Including Big Oil, Back Eavor Technologies With $40M

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