Hephae Energy Technology Raises $17.8 Million Series A To Commercialize Superhot Drilling Technology
By Amit Chowdhry ● Jul 12, 2026
Hephae Energy Technology announced the closing of a $17.8 million Series A funding round to accelerate the commercial deployment of its advanced drilling systems for next-generation geothermal energy development. The round was co-led by Susquehanna Sustainable Investments and Underground Ventures. Participants included alfa8, Baruch Future Ventures, Centaurus Capital LP, Elemental Impact, Exa Ventures, Future Ventures, Grantham Foundation for The Protection of the Environment, New System Ventures, and True North Institute, joining existing investor Nabors Industries.