Details

Last Funding Type

Grant

Last Funding Money Raised

$102M

Industries

Electronics,Energy,Renewable Energy

Founded date

Jan 1, 2002

Number Of Employee

11 - 50

Operating Status

Active

Geothermal energy (geo meaning "earth" and thermal meaning "heat") is energy recovered from the heat of the earth's interior. Geothermal heat can appear in the form of volcanoes, hot springs and geysers. The high temperatures in the earth's interior are a result of heat trapped during the formation of the planet, as well as the decay of naturally occurring radioactive elements. Temperatures below the surface can reach 4,200° C, decreasing to 650 - 1200° at depths of 80km-100km. Through the deep circulation of groundwater and the intrusion of molten magma into the earth's crust at depths of only 1km-5km, the heat is brought closer to the earth's surface. The molten rock then heats the surrounding groundwater, which is forced to the surface in certain areas in the form of steam or hot water (i.e. hot springs, geysers). The heat energy close to or at the earth's surface can be utilized as a source of energy.