Mazama Energy raises $135M to scale superhot geothermal

Mazama Energy raised $135 million in an oversubscribed Series B led by Centaurus Capital and Doerr Capital to advance commercial-scale superhot geothermal. Backers include ConocoPhillips, Shell Ventures, existing investors Khosla Ventures and Gates Frontier, plus new investors SiteGround Capital and H. Barton Asset Management.