Market map · Europe
Geothermal energy market map: Europe
11 geothermal energy startups based in Europe that have raised money in rounds we track, placed in 3 segments by what each says it does. Together they have raised $158M; the biggest segment is geothermal power.
Funding by segment
- Geothermal power$60M4
- Drilling and exploration$56M4
- Geothermal heating and cooling$42M3
Where they are based
- United Kingdom3$75M
- Sweden2$16M
- Germany2$14M
- Slovakia1$45M
- Switzerland1$4.5M
- Netherlands1$2.6M
- France1$2.4M
United Kingdom
Sweden
Germany
Slovakia
Switzerland
Netherlands
FranceFounded
1 without a founding year on record.
Total raised
- Under $1M0
- $1M to $10M6
- $10M to $50M5
- $50M to $250M0
- $250M to $1B0
- $1B and over0
Each dot is a startup: the year it was founded across, the total it has raised up (each line is ten times the one below). Pick a segment to pick it out.
10 of 11 startups shown; the rest have no founding year or amount on record.
- 1 to 2
- 3 to 7
- 8 to 24
- 25 to 99
- 100 and more
- United Kingdom3
- Sweden2
- Germany2
- Slovakia1
- Switzerland1
- Netherlands1
- France1
Startups by country, 7 countries in all.
Segment by segment
Geothermal power
4 startups · $60M raised
Geothermal EngineeringGeothermal Engineering is engaged in the development of deep geothermal heat and power projects.United Kingdom$35M
Baseload CapitalBaseload Capital leads partnerships to scale up geothermal energy: a 24/7 available source of clean power and heat.Sweden$13M
Factor2 EnergyFactor2 Energy is a climate-tech company based in Duisburg, Germany, focused on developing CO2-based geothermal power systems.Germany$9.1M
ClimeonClimeon is a clean-tech vendor that produces heat power systems, converting waste heat, and geothermal heat into clean electricity.Sweden$3.1M
Drilling and exploration
4 startups · $56M raised
GA DrillingGA Drilling is developing a groundbreaking drilling technology PLASMABIT that enables revolution in geothermal energy, massive cost savings.Slovakia$45M
TeluraTelura is a deep-tech company based in Munich, Germany, specializing in geothermal energy through innovative drilling technology.Germany$4.7M
BoroboticsBorobotics is a manufacturing company that offers autonomous drilling robot intended for geothermal drilling.Switzerland$4.5M
Canopus Drilling SolutionsCanopus Drilling Solutions is a Dutch startup based in The Hague, founded in 2019.Netherlands$2.6M
Geothermal heating and cooling
3 startups · $42M raised
RendescoRendesco's mission is to transform the heating business by creating geothermal networks using ground-source heat pump technology.United Kingdom$21M
Geothermal InternationalGeothermal International is involved in the design and installation of heating and cooling systems.United Kingdom$19M
AgroNergyAgroNergy is a French company founded in 2013, specializing in renewable heating solutions.France$2.4M
How this map is made. Every startup here has raised money in rounds we track, and is based in Europe. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in geothermal energy, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.
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