The startup develops decentralized geothermal energy systems that harness heat directly from the earth to provide clean and continuous power for commercial and industrial applications. By offering a sustainable energy source, the systems help businesses lower emissions and enhance operational efficiency while minimizing environmental impact.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many commercial and industrial operations rely on energy sources that contribute to high emissions and can be unreliable, hindering sustainability efforts and operational efficiency. Traditional energy solutions often lack the ability to be deployed in a distributed manner, limiting access to clean and consistent power.
Solution
Criterion Energy Partners develops distributed geothermal energy projects that provide a clean, reliable, and always-on power source by harnessing heat directly from the earth. These projects are co-located with industrial consumers, reducing emissions and increasing energy reliability. By utilizing proven technologies such as horizontal wells, directional drilling, multi-stage completions, reservoir stimulation, and binary Organic Rankine Cycle turbines, Criterion Energy Partners enables the deployment of geothermal energy in new markets. The company focuses on providing a sustainable energy source that helps businesses meet sustainability goals, enhance operational efficiency, and minimize environmental impact.
Target Audience
The primary target audience includes commercial and industrial consumers seeking to reduce emissions, improve energy reliability, and meet sustainability goals.
Features
- Distributed energy project development co-located with industrial consumers
- Utilizes horizontal wells and directional drilling techniques
- Employs multi-stage completions and reservoir stimulation methods
- Leverages binary Organic Rankine Cycle (ORC) turbines for power generation
- Focuses on reducing emissions and increasing energy reliability for commercial and industrial operations