An Austin-based geothermal startup company called Bedrock Energy just landed $12 million in Series A funding, with Titanium Ventures leading the charge. This investment is set to fuel Bedrock’s growth, helping the company expand its geothermal heating and cooling solutions—especially in Colorado, Utah, and nearby states.

The funding round also attracted investments from Energy Impact Partners and Sustainable Future Ventures, alongside returning supporters like Wireframe Ventures, Overture Ventures, Toba Capital, Elemental Impact, First Star Ventures, and Cantos. Their support highlights the growing excitement around geothermal technology and its potential to transform energy efficiency in real estate.

Heating and cooling remain the largest energy expense for buildings, but geothermal can cut those costs in half, while also reducing air pollution by 90%. 

Bedrock Energy is working to make geothermal heating and cooling accessible at scale, offering real estate developers a cost-effective, high-return HVAC option.

“Bedrock’s innovations make geothermal installations so affordable that real estate developers and owners across the U.S. can generate a strong financial return and boost their property values, with just their HVAC choice,” said Joselyn Lai, co-founder and CEO of Bedrock Energy.

By advancing geothermal drilling and installation technologies, Bedrock is helping property owners and utilities save billions of dollars while improving energy resilience. The company’s intelligent construction platform ensures faster installations, higher efficiency, and cost-effective deployment, ranging from single-structure commercial buildings to large-scale district systems.

As regions transition away from coal and other fossil fuels, geothermal energy is emerging as a solution for sustainable development. The Colorado Energy Office, Northwest Colorado Business District, and the Town of Hayden are among the organizations supporting Bedrock’s projects.

“Geothermal may be a valuable driver of successful coal transition, and Bedrock will be a key company in making that a reality in Northwest Colorado,” said Mathew Mendisco, Town Manager of Hayden.

A district geothermal system in Hayden, Colorado, set to launch in 2025, will provide carbon-free heating and cooling for a new business park. Bedrock’s expertise is also being leveraged in Morgan County, Utah, where a recently completed project demonstrates the company’s ability to deploy geothermal solutions efficiently and at scale.

With backing from leading investors and a pipeline of projects across the Mountain West, Bedrock Energy is well-positioned to scale geothermal heating and cooling into a mainstream, cost-effective solution.

“We believe that Bedrock Energy has developed several unique, integrated technologies that will dramatically open up the market for cost-efficient geothermal heating and cooling of buildings and change the economics of this industry,” said Mark Sherman, Managing Partner at Titanium Ventures.

As Bedrock continues its expansion, its impact on reducing costs, improving resilience, and enabling a carbon-free future will only grow—proving that geothermal energy is not just viable but essential for the future of real estate and clean energy.

Preview: Next week, we will key in on a feature story talking about the geothermal industry as a whole, public perception of the industry, and its growing potential.