Mazama Energy
Frisco, Texas-based geothermal developer building engineered systems to generate electricity from superhot rock.
- Industry
- geothermal energy, superhot rock
- Location
- Frisco, TX
About
Mazama Energy develops engineered geothermal systems that target superhot rock. It has a project site near Newberry Volcano in Oregon and says the new capital funds Project Ceres, including horizontal well development toward about 15 megawatts per well. The GlobeNewswire release is datelined Dallas; Canary Media says the company is based in Frisco, Texas, which this page uses.
Funding history
| Round | Date | Amount | Lead |
|---|---|---|---|
| Series B 2026 | 2026-09-17 | $135M | Centaurus Capital, Doerr Capital |
Investors
- Centaurus Capital lead
- Doerr Capital lead
- ConocoPhillips participant
- Shell Ventures participant
- Khosla Ventures participant
- Gates Frontier participant
Sources
Last verified:
- https://techcrunch.com/2026/09/17/khosla-backed-mazama-energy-just-raised-135m-to-drill-deeper-into-super-hot-rock-geothermal/
Type: reputable publication. Accessed 2026-10-07.
TechCrunch article dated 2026-09-17. Reports the $135 million oversubscribed Series B led by Centaurus Capital and Doerr Capital, with ConocoPhillips, Shell Ventures, Khosla Ventures and Gates Frontier. - https://markets.businessinsider.com/news/stocks/mazama-energy-raises-135-million-to-scale-the-world-s-hottest-engineered-geothermal-system-1036553410
Type: funding announcement. Accessed 2026-10-07.
GlobeNewswire release dated 2026-09-17, read on Markets Insider. Datelined Dallas. Confirms the Series B amount, co-leads and participants. - https://www.canarymedia.com/articles/geothermal/mazama-energy-raises-135m-oregon-geothermal
Type: reputable publication. Accessed 2026-10-07.
Canary Media article dated 2026-09-17. Calls the company Frisco, Texas-based and confirms the Series B led by Centaurus Capital and Doerr Capital.