HyperSciences raises $690K to use rocket technology for geothermal drilling (Geek Wire)
HyperSciences, a startup that uses rockets to drill for geothermal energy, has raised $690,000 of a $1 million funding round.
The fresh cash comes from Washington Research Foundation, Kick-Start II, Cowles Company and The Toolbox, HyperSciences CEO Mark Russell confirmed on Friday.
The Spokane, Wash. startup is designing new drilling methods to make it more cost-effective to access geothermal energy. It will use the funding to continue development of its HyperDrill and HyperBreaker tunneling machine prototypes, in addition to testing its ThermoElectric Generator (TEG) technology.