# Geothermal Energy Europe Market Map 2026: 11 Startups in 3 Segments > 11 European geothermal energy startups mapped in 3 segments: geothermal power, drilling and exploration and geothermal heating and cooling and more. Source: https://millionrounds.com/market-maps/geothermal-energy-europe-market-map (Millionrounds; every figure on the page links to its filing or article) ## Geothermal power 4 - [Geothermal Engineering](https://millionrounds.com/company/geothermal-engineering) - [Baseload Capital](https://millionrounds.com/company/baseload-capital) - [Factor2 Energy](https://millionrounds.com/company/factor2-energy) - [Climeon](https://millionrounds.com/company/climeon) ## Drilling and exploration 4 - [GA Drilling](https://millionrounds.com/company/ga-drilling) - [Telura](https://millionrounds.com/company/telura) - [Borobotics](https://millionrounds.com/company/borobotics) - [Canopus Drilling Solutions](https://millionrounds.com/company/canopus-drilling-solutions) ## Geothermal heating and cooling 3 - [Rendesco](https://millionrounds.com/company/rendesco) - [Geothermal International](https://millionrounds.com/company/geothermal-international) - [AgroNergy](https://millionrounds.com/company/agronergy) ## Segment by segment ### Geothermal power 4 startups · $60M raised - [**Geothermal Engineering**](https://millionrounds.com/company/geothermal-engineering) Geothermal Engineering is engaged in the development of deep geothermal heat and power projects. United Kingdom $35M - [**Baseload Capital**](https://millionrounds.com/company/baseload-capital) Baseload Capital leads partnerships to scale up geothermal energy: a 24/7 available source of clean power and heat. Sweden $13M - [**Factor2 Energy**](https://millionrounds.com/company/factor2-energy) Factor2 Energy is a climate-tech company based in Duisburg, Germany, focused on developing CO2-based geothermal power systems. Germany $9.1M - [**Climeon**](https://millionrounds.com/company/climeon) Climeon 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 Drilling**](https://millionrounds.com/company/ga-drilling) GA Drilling is developing a groundbreaking drilling technology PLASMABIT that enables revolution in geothermal energy, massive cost savings. Slovakia $45M - [**Telura**](https://millionrounds.com/company/telura) Telura is a deep-tech company based in Munich, Germany, specializing in geothermal energy through innovative drilling technology. Germany $4.7M - [**Borobotics**](https://millionrounds.com/company/borobotics) Borobotics is a manufacturing company that offers autonomous drilling robot intended for geothermal drilling. Switzerland $4.5M - [**Canopus Drilling Solutions**](https://millionrounds.com/company/canopus-drilling-solutions) Canopus Drilling Solutions is a Dutch startup based in The Hague, founded in 2019. Netherlands $2.6M ### Geothermal heating and cooling 3 startups · $42M raised - [**Rendesco**](https://millionrounds.com/company/rendesco) Rendesco's mission is to transform the heating business by creating geothermal networks using ground-source heat pump technology. United Kingdom $21M - [**Geothermal International**](https://millionrounds.com/company/geothermal-international) Geothermal International is involved in the design and installation of heating and cooling systems. United Kingdom $19M - [**AgroNergy**](https://millionrounds.com/company/agronergy) AgroNergy 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. ## More market maps [All maps](https://millionrounds.com/market-maps) [Market map **Geothermal energy market map** 23 startups · 4 segments · $883M](https://millionrounds.com/market-maps/geothermal-energy-market-map)[Market map · Europe **Fintech market map: Europe** 409 startups · 8 segments · $35B](https://millionrounds.com/market-maps/fintech-europe-market-map)[Market map · Europe **Edtech market map: Europe** 247 startups · 7 segments · $1.7B](https://millionrounds.com/market-maps/edtech-europe-market-map)[Market map · Europe **Robotics market map: Europe** 76 startups · 6 segments · $3.3B](https://millionrounds.com/market-maps/robotics-europe-market-map)[Market map · Europe **Defence tech market map: Europe** 54 startups · 4 segments · $14B](https://millionrounds.com/market-maps/defence-tech-europe-market-map)[Market map · Europe **Digital health market map: Europe** 33 startups · 5 segments · $2.9B](https://millionrounds.com/market-maps/digital-health-europe-market-map) ## Who backs geothermal energy? Open any company for its rounds and investors, or search the investors behind these startups in the app, with filters, lists and exports. [Find their investors](https://millionrounds.com/login?join=1&next=/app/investors)[Top lists](https://millionrounds.com/top-lists)