AltaRock Energy
AltaRock Energy develops Enhanced Geothermal Systems targeting Superhot Rock resources (supercritical water >375°C at 7-20 km depth) to produce 5-10x more energy per well than conventional geothermal, with a planned 10 GWe demonstration at Newberry, Oregon serving future utilities, data centers, and government/tribal entities via long-term PPAs.
- Company typePrivate
- Founded2007
- HeadquartersSeattle, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What AltaRock Energy does
AltaRock Energy, Inc. is a Seattle-based private company founded in 2007 that develops Enhanced Geothermal Systems (EGS) targeting Superhot Rock (SHR) resources — supercritical water conditions exceeding 375°C and 220 atm at 7-20 km depth, which yield 5-10x more energy per well than conventional geothermal. The company initially pursued moderate-temperature EGS (200-250°C) at Newberry, Oregon but pivoted in 2014 to SHR after determining moderate EGS could not compete on price with solar, wind, or natural gas. Its technology stack includes reservoir engineering and stimulation for impermeable deep rock, high-temperature well completion materials (high-temperature and self-healing cements, downhole electronics, couplings, liners, wellheads), and a partnership with Quaise Energy on millimeter wave (mmWave) drilling to access >7 km depths. Supporting the core are thermoelectric generator (TEG) work with Stanford and the California Energy Commission for 5-30 MW small-scale applications, and a Perfect Well machine-learning collaboration with Oregon State University.
AltaRock operates a B2B enterprise model targeting electric utilities, data center operators, and government/tribal entities as future power purchase agreement (PPA) counterparties. Its flagship is the Newberry SHR Geothermal Energy (NEWGEN) Project at Newberry Volcano, Oregon, projected at up to 10 GWe capacity. Revenue today is effectively none; commercial revenue depends on successful demonstration targeted for 2025 and subsequent long-term PPAs. The company is supported by a broad ecosystem of national laboratories (Brookhaven, Pacific Northwest, Oak Ridge, Sandia-type entities), academic partners (Stanford, Oregon State), and industry players (Baker Hughes, Blade Energy Partners, Quaise Energy, Ozark Integrated Circuits). Cumulative disclosed venture funding is approximately $36.5M across rounds in 2007-2008 from Google.org, Khosla Ventures, Kleiner Perkins, Vulcan Capital, and Advanced Technology Ventures, with ongoing R&D funded through DOE, ARPA-E, California Energy Commission grants and lab partnerships.
Strategically, AltaRock is positioned to commercialize SHR as a dispatchable, baseload renewable that can repurpose existing fossil fuel infrastructure, targeting a projected <$0.05/kWh LCOE versus >$0.10/kWh for conventional EGS and $0.065-$0.075/kWh for conventional geothermal. Headcount is in the 11-50 range and the company is privately held under founder Susan Petty (Founder/President) and Geoffrey Garrison (President/VP R&D), with no disclosed parent company or external institutional equity beyond the 2007-2008 rounds.
AltaRock Energy firmographics
Firmographics- Name
- AltaRock Energy
- Legal name
- AltaRock Energy, Inc.
- Website
- https://altarockenergy.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AltaRock Energy develops Enhanced Geothermal Systems targeting Superhot Rock resources (supercritical water >375°C at 7-20 km depth) to produce 5-10x more energy per well than conventional geothermal, with a planned 10 GWe demonstration at Newberry, Oregon serving future utilities, data centers, and government/tribal entities via long-term PPAs.
- Ownership category
- akta.pro rank
AltaRock Energy industry classification
Industry- Product category
- Geothermal Power Generation
- NAICS
- Geothermal Electric Power Generation (221116), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Oil & Gas Field Exploration Services (1382), Oil & Gas Field Machinery & Equipment (3533), Motors & Generators (3621)
- akta.pro primary industry
- Enhanced Geothermal Systems (EGS) & Advanced Geothermal (Closed-Loop, Superhot Rock) (EUAMAEAJ)
- akta.pro secondary industries
- Superhot Rock / Supercritical Geothermal Power Generation (EUACAHAG), Enhanced/Advanced Geothermal R&D (EGS, Closed-Loop, Superhot Rock, Drilling Tech) (EUAMAOAC), Geothermal Drilling & Well Construction (Production/Injection, Directional, Well Services) (EUAMAEAB), Geothermal Equipment & Component Manufacturing (Turbines, Heat Exchangers, Pumps, ORC Units) (EUAMAEAI), Geothermal Reservoir Engineering & Wellfield Management (Modeling, Stimulation, Reinjection Strategy) (EUAMAEAC)
Keywords
Where AltaRock Energy is headquartered
LocationHeadquarters
- HQ city
- Seattle
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
AltaRock Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales
Revenue model
- Power Generation and Sale: AltaRock Energy generates electricity from Superhot Rock geothermal resources and sells power through long-term power purchase agreements (PPAs) to utilities, data centers, and industrial customers. The company is developing the world's first SHR power plant at Newberry, Oregon, with capacity projections of up to 10 GWe.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
AltaRock Energy product offering
Product offeringCore offering
AltaRock Energy develops Enhanced Geothermal Systems (EGS) using proprietary Superhot Rock (SHR) technology that taps supercritical water (>375°C, >220 atm) at depths of 7-20 km to produce 5-10 times more energy per well than conventional geothermal. The company develops, owns, and operates large-scale geothermal power generation projects — led by the flagship NEWGEN Project at Newberry Volcano, Oregon targeting up to 10 GWe of capacity — and sells the generated electricity through long-term Power Purchase Agreements (PPAs) to electric utilities, data center operators, and industrial customers.
Product overview
AltaRock Energy offers Superhot Rock (SHR) Geothermal Systems as its core technology product—engineered geothermal systems targeting supercritical conditions (>375°C) that yield 5-10x more energy than conventional geothermal wells. This core system is supported by complementary technology modules including mmWave deep drilling technology (for 7-20 km access), high-temperature well completion materials (cements, electronics, wellheads), SHR reservoir development services (stimulation, numerical modeling), and thermoelectric generators for small-scale applications. The company's flagship demonstration is the NEWGEN Project at Newberry Volcano, Oregon, targeting 10 GWe capacity. All offerings are oriented toward scaling SHR geothermal globally, with the company also providing research services like Perfect Well Analysis using machine learning.
Differentiator
Problem solved
Functional benefit
Products and services
- Superhot Rock (SHR) Geothermal Systems Engineered geothermal systems that exploit supercritical water (>375°C, >220 atm) deep in the earth's crust to produce 5-10 times more energy than conventional geothermal wells, enabling geothermal energy development accessible globally. The offering is sold to electric utilities, data center operators, and large industrial energy consumers via long-term Power Purchase Agreements.
- Newberry SHR Geothermal Energy (NEWGEN) Project Flagship demonstration project at Newberry Volcano, Oregon using SHR extraction technology, with potential to generate up to 10 gigawatts of electricity (GWe) — enough to power 3 million homes. Power is intended to be sold to utilities, data centers, and industrial customers through long-term PPAs.
- Thermoelectric Generator (TEG) Geothermal Field System Solid-state thermoelectric generator system that converts heat from geothermal fluids directly to electricity, designed to enable affordable small-scale development of geothermal energy between 5 and 30 MW. Targeted at distributed generation customers and remote/industrial users.
Quantifiable outcome
- Up to 10 GWe capacity potential from Newberry site alone
- +4 more outcomes
Companies that use AltaRock Energy
Customer profileSegments3 records
Ideal customer profiles3 records
AltaRock Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
AltaRock Energy partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and supporting.
- Quaise EnergycorePartnership to develop millimeter wave (mmWave) drilling technology that uses radiation to vaporize rock and access superhot rock at depths >7 km. This technology is critical to enabling geothermal anywhere globally. AltaRock funding helped get Quaise Energy started.
- Brookhaven National LaboratorycoreCollaboration on development and testing of high-temperature materials including high-temperature and self-healing cements for SHR environments.
- Pacific Northwest National Laboratory (PNNL)corePartnership on high-temperature materials development for SHR environments, including testing and commercialization of advanced materials and devices.
- Ozark Integrated CircuitscoreCollaboration on development of high-temperature electronics for downhole monitoring and imaging devices capable of operating in SHR conditions.
- Blade Energy PartnerssupportingPartnership on development and testing of materials and devices for SHR environments, focusing on well completion and reservoir development technologies.
- Baker HughescoreBaker Hughes conducted reservoir modeling for AltaRock's Superhot Rock projects. Baker Hughes is also adapting drilling and subsurface technologies from oil and gas for geothermal applications.
- Oak Ridge National LaboratorycorePartnership for initial large-scale testing of mmWave drilling technology in 2021, working with AltaRock and Quaise Energy.
- Stanford UniversitycoreCollaboration on thermoelectric generator (TEG) technology testing at Bottle Rock Power facility to prove TEG viability for small-scale 5-30 MW geothermal development. Also partnered on Perfect Well research using machine learning analysis.
- California Energy CommissionsupportingFunding and partnership for thermoelectric generator testing project at Bottle Rock Power facility near Cobb, CA.
- Oregon State UniversitysupportingPartnership on Perfect Well research project using machine learning enhanced analysis to identify drilling opportunities and reduce wellfield drilling costs.
- DEEPEN ConsortiumcoreConsortium of industrial, academic, and national laboratory partners from Iceland, US, Norway, Germany and Switzerland benchmarking and improving exploration techniques for supercritical/superhot geothermal resources. Newberry Volcano selected as one of three global evaluation sites.
- U.S. Geological Survey (USGS)supportingCollaboration on Umatilla Indian Reservation Geothermal Resource Study to evaluate geophysics, aquatic geochemistry, and field geology on tribal lands.
- HotRock Energy Research Organization (HERO)supportingPartnership on Umatilla Indian Reservation Geothermal Resource Study to assess geothermal energy resource potential and identify best sites for development.
- Confederated Tribes of the Umatilla Indian ReservationsupportingCollaboration to evaluate geothermal resources on tribal lands to help the confederation reach its goal of energy independence.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
AltaRock Energy competitors and assessment
Company assessmentDirect peers
- Fervo Energy: Fervo is the leading next-generation EGS developer, using horizontal drilling and advanced stimulation to produce commercial geothermal power. It directly competes with AltaRock for utility-scale EGS PPAs but pursues a less capital-intensive technical path at conventional depths.
- Eavor Technologies: Eavor commercializes closed-loop geothermal ('Eavor-Loop') systems that circulate a working fluid through deep drilled wells without reservoir stimulation. It competes with AltaRock in the advanced geothermal category targeting dispatchable clean power, with a lower seismicity-risk profile.
- Quaise Energy: Quaise is AltaRock's core drilling partner developing millimeter-wave technology to vaporize rock and access superhot resources at >7 km depth. It is a co-developer on the SHR pathway and a direct strategic peer in deep-drilling-enabled geothermal.
Broad incumbents
- Ormat Technologies: Ormat is the largest pure-play geothermal power equipment manufacturer and operator globally, with conventional binary and flash geothermal plants. It is a broad incumbent whose equipment and project development capabilities could compete with or supply into AltaRock's future SHR deployments.
- Cyrq Energy: Cyrq is a US-based geothermal independent power producer operating conventional flash and binary plants. It is a broad incumbent in the same generation category and a potential customer, partner, or acquirer of SHR technology.
- Baker Hughes: Baker Hughes is a core technology partner of AltaRock (reservoir modeling, drilling tech adaptation from oil & gas) and a broad incumbent in geothermal services and equipment with substantial R&D resources targeting next-generation geothermal.
Emerging players
- GA Drilling: GA Drilling is developing plasma-based deep drilling technology targeting superhot geothermal resources — a technical parallel to AltaRock's Quaise partnership. It is an emerging player intersecting with AltaRock's deep-drilling pathway.
- Iceland Deep Drilling Project (IDDP): IDDP is a research consortium that has drilled deep supercritical wells in Iceland and confirmed supercritical conditions. It is an emerging player providing direct empirical data that de-risks (or validates) AltaRock's SHR reservoir assumptions.
- Sage Geosystems: Sage Geosystems develops closed-loop geothermal and repurposes oil & gas wells for baseload power generation. It is an emerging player targeting similar utility and data center customers with adjacent advanced geothermal approaches.
Regional players
- KenGen: KenGen is the leading Kenyan geothermal power producer with extensive experience in East African Rift geothermal development. It is a regional player in the same generation category and a potential technology partner or licensor for SHR deployment in Africa.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
AltaRock Energy social profiles
Digital presenceAltaRock Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
AltaRock Energy leadership team
Management profileNumber of profiles
Profiles10 records
AltaRock Energy funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AltaRock Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AltaRock Energy
What does AltaRock Energy do?
AltaRock Energy develops Enhanced Geothermal Systems (EGS) using proprietary Superhot Rock (SHR) technology that taps supercritical water (>375°C, >220 atm) at depths of 7-20 km to produce 5-10 times more energy per well than conventional geothermal. The company develops, owns, and operates large-scale geothermal power generation projects — led by the flagship NEWGEN Project at Newberry Volcano, Oregon targeting up to 10 GWe of capacity — and sells the generated electricity through long-term Power Purchase Agreements (PPAs) to electric utilities, data center operators, and industrial customers.
Is AltaRock Energy a public or private company?
AltaRock Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was AltaRock Energy founded?
AltaRock Energy was founded in 2007. It employs 11 to 50 people.
Where is AltaRock Energy based?
AltaRock Energy is headquartered in Seattle, United States, in the North America region.
How does AltaRock Energy make money?
One revenue line is on record: power Generation and Sale.
Who are AltaRock Energy's main competitors?
Direct peers on record are Fervo Energy, Eavor Technologies and Quaise Energy. Broad incumbents are Ormat Technologies, Cyrq Energy and Baker Hughes. Emerging players are GA Drilling, Iceland Deep Drilling Project (IDDP) and Sage Geosystems. KenGen is listed as a regional player.
Does AltaRock Energy have an API?
No public API is recorded for AltaRock Energy.
What industry is AltaRock Energy in?
AltaRock Energy's product category is Geothermal Power Generation. Its primary akta.pro industry code is EUAMAEAJ, Enhanced Geothermal Systems (EGS) & Advanced Geothermal (Closed-Loop, Superhot Rock), with a secondary code of EUACAHAG, Superhot Rock / Supercritical Geothermal Power Generation. Its NAICS code is 221116 and its SIC code is 1382.