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Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal

Publisher description: Geothermal startup Mazama is drilling three miles underground to tap superhot rock, with one well capable of generating 15 MW of electricity 24/7.

TechCrunch | Sep 18, 2026 | Tim De Chant

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Geothermal startup Mazama Energy raised $135 million in an oversubscribed Series B, the startup said Thursday. Mazama plans to start generating electricity sometime next year and said its first site in Oregon is capable of producing 10 gigawatts of electricity. Unlike previous geothermal projects, enhanced geothermal startups are targeting deeper and hotter rock.

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