Mazama Energy raised $135 million in Series B funding to accelerate commercial development of superhot rock geothermal systems and Project Ceres.
- Amount
- $135M
- Stage
- Series B
- Announced
- 17 September 2026
- Leads
- Centaurus Capital, Doerr Capital
- Other investors
- ConocoPhillips, Shell Ventures, Khosla Ventures, Gates Frontier, SiteGround Capital, H. Barton Asset Management, Jeffrey and Marieke Rothschild Foundation
- Use of funds
- Advancing Project Ceres horizontal superhot rock well development toward 15 MWe per well and 2027 power generation
- Checked
- Announced by the company