Mazama Energy raises $135M to support commercial-scale superhot geothermal development
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Mazama Energy Inc. (Mazama) has announced raising USD 135 million in new capital, including an oversubscribed Series B round, to support commercial development of its superhot rock geothermal project in Oregon. More specifically, the funding will go towards Project Ceres, which will advance horizontal well development in superhot rock, aiming for 15 MWe capacity per well and power generation by 2027.
The Series B funding round was led by Centaurus Capital, founded by John Arnold, and Doerr Capit
The Series B funding round was led by Centaurus Capital, founded by John Arnold, and Doerr Capit
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