Critical Energy raises a $22.0M Seed round

Critical Energy, founded by ex-SpaceX engineer Spencer Jackson, specializes in the design and mass production of modular geothermal turbines. These turbines are built in factories and utilize a closed-loop fluid system to convert heat into electricity. The company aims to reduce the deployment time of geothermal systems from years to weeks, addressing the reliability issues of clean energy sources. By focusing on surface equipment and turbines, Critical Energy seeks to support the wider geothermal industry rather than compete with underground drillers.