Novel Therm

What Novel Therm does

Novel Therm is a privately held LLC headquartered in Southern California that operates geothermal-powered, immersion-cooled high-performance computing (HPC) data center services. The company's core technology is a proprietary modified hydraulic Stirling engine, licensed from its sister company Thermotech Energy Systems, that converts low-temperature (160-200°F) geothermal water from shallow wells (under 1,500 feet) into on-site electricity. This is paired with liquid immersion cooling technology sourced from partners Green Revolution Cooling and Submer, and compute infrastructure based on AMD EPYC Milan CPUs scalable to up to 60,000 cores. The intended outcome is a grid-independent, 100% carbon-free data center with claimed electricity costs of $0.015-$0.02/kWh and a 40-50 year power plant lifespan.

The company offers three primary customer-facing products: (1) Bursting HPC, an on-demand, usage-only-billed HPC service for variable or urgent workloads with no long-term contracts or data exit fees; (2) Custom Built HPC Scenario #1, a turnkey deployment in which Novel Therm retains ownership of compute, cooling, facilities, and the power plant under take-or-pay contracts; and (3) Custom Built HPC Scenario #2, in which the client owns the compute and cooling equipment while Novel Therm provides geothermal power as a service along with facilities, land rent, and patent license fees. Pricing is flat-rate, all-inclusive, with no storage, egress, or deposit fees.

The go-to-market is direct enterprise sales targeting HPC data center operators in compute-intensive segments including research, biotech, financial modeling, and AI/ML training. Marketing channels are limited to the company website, organic social media (Facebook, Instagram, Twitter, YouTube), newsletter signup, and a small library of publication videos. The leadership team is a four-person group comprising a co-founder with a commercial real estate background, a structural geologist from Chevron, a consulting engineer, and a mechanical engineer/R&D specialist. No institutional investors, parent company, funding rounds, named customers, or revenue figures are disclosed in the source material.

Name

Novel Therm

Legal name

Novel Therm LLC

Website

https://noveltherm.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Novel Therm operates geothermal-powered, immersion-cooled HPC data center services, offering on-demand bursting and custom-built HPC deployments to enterprise compute buyers, using a proprietary low-temperature Stirling engine and flat-rate pricing with no egress fees.

Ownership category

akta.pro rank

Product category

Geothermal HPC Data Center Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Geothermal Electric Power Generation (221116), Computer Facilities Management Services (541513)

SIC

Cogeneration Services & Small Power Producers (4991), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

HPC-as-a-Product / On-Prem Managed HPC (Integrated Hardware + Ops) (HDACAOAK)

akta.pro secondary industries

HPC Cooling, Power & Infrastructure (Liquid Cooling, Racks, Power Delivery) (HDACAOAI), Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD)

Keywords

• Geothermal power generation
• HPC data centers
• Immersion cooling
• HPC as a service
• Renewable energy computing

Headquarters

HQ city

Long Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. HPC Compute as a Service (Scenario 1): Novel Therm retains ownership of compute hardware, immersion cooling equipment, facilities, and power plant. Clients enter into take-or-pay contracts where cost of compute equipment plus profit is amortized over contract term. Electricity provided at $0.015-$0.02/kWh. Connectivity costs paid directly by client.
2. Geothermal Power as a Service (Scenario 2): Client retains compute and cooling equipment ownership. Novel Therm provides geothermal power as a service along with facilities, land rent, and patent license fees. Low-cost venue for renewable energy data center operations with immersion cooling.
3. Bursting HPC Services: On-demand HPC bursting service allowing clients to burst into facility on demand with usage-only billing. No long-term contracts required. Provides highest compute cycles for urgent jobs at lowest green price.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Novel Therm operates geothermal-powered, liquid-immersion-cooled high-performance computing (HPC) data centers. It provides HPC compute as a service via on-demand bursting, turnkey managed HPC under take-or-pay contracts, and a Power-as-a-Service model where clients own compute hardware while Novel Therm supplies low-cost geothermal electricity from its proprietary modified Stirling engine.

Product overview

Novel Therm offers a unified portfolio of geothermal-powered, immersion-cooled HPC services. At the core is the Immersion Cooled HPC Data Center, which combines the company's proprietary modified Stirling Engine (capable of low-temperature 160–200°F geothermal inputs) with liquid immersion cooling technology from partners Green Revolution Cooling and Submer. The primary customer-facing product is the Bursting HPC service — an on-demand, usage-only-billed compute offering for urgent workloads using up to 60,000 AMD EPYC cores, with no long-term contracts or data exit fees. Novel Therm also offers two Custom Built HPC deployment models: Scenario #1 (turnkey HPC with Novel Therm retaining hardware ownership and supplying power at $0.015–$0.02/kWh) and Scenario #2 (client-owned compute hardware with Novel Therm providing geothermal power as a service). Supporting these compute offerings is the Greenest Energy module — on-site geothermal power generation delivering 100% carbon-free, grid-independent electricity 24/7.

Differentiator

Problem solved

Functional benefit

Products and services

• Immersion Cooled HPC Data Center High-performance computing data center service combining 100% renewable geothermal power with liquid immersion cooling to deliver enterprise-grade compute at significantly lower cost than public cloud providers.
• Bursting HPC (HPC as a Service) On-demand HPC bursting service providing access to up to 60,000 AMD EPYC cores for urgent, compute-intensive workloads, with usage-only billing, no long-term contracts and no data exit fees.
• Custom Built HPC – Scenario #1 (Turnkey HPC) Deployment model where Novel Therm retains ownership of compute hardware, immersion cooling equipment, facilities and the power plant; electricity is provided at $0.015–$0.02/kWh and client cost of compute equipment plus profit is amortized over the contract term under a take-or-pay arrangement.
• Custom Built HPC – Scenario #2 (Power as a Service) Deployment model where the client owns the compute and cooling equipment while Novel Therm provides geothermal power as a service along with facilities, land rent and patent license fees; immersion cooling can be included for a low-cost, fully renewable-energy data center operation.
• Greenest Energy (Geothermal Power as a Service) On-site geothermal electricity generation using naturally occurring hot water from underground aquifers (processed water injected back underground), delivering 24/7, 100% carbon-free, zero-emission, grid-independent power for HPC operations.

Quantifiable outcome

• Cost savings up to 10X average market price for HPC compute
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Thermotech Energy Systems, LLCcoreOEM/ Whitelabel/ Licensing PartnerThermotech Energy Systems, LLC is Novel Therm's sister company that has granted Novel Therm a license to use Thermotech's patent for building and deploying geothermal powered HPC onsite data centers. The power plants consist of Thermotech's proprietary modified hydraulic Stirling engine technology. This is a core licensing relationship that enables Novel Therm's primary business model.
• Green Revolution Cooling (GRC)coreTechnology or IntegrationGreen Revolution Cooling's patented liquid immersion cooling technology is integrated into Novel Therm's HPC data centers. GRC's technology immerses servers in safe dielectric liquid, improving rack density, cooling capacity, performance and longevity. Novel Therm markets GRC's cooling solution as the most cost-effective and efficient cooling system for data center operations.
• SubmercoreTechnology or IntegrationSubmer provides next-generation cooling and automation technologies for data and energy-intense environments. Their highly-efficient and sustainable immersion cooling technologies are utilized in Novel Therm's data centers. Submer enables datacenters that make sense through products, platforms, APIs, processes and installations serving hyperscalers, colocation and enterprise industries.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Submer: Submer is a Novel Therm technology partner but also an independent vendor of immersion cooling systems for hyperscale, colocation, and enterprise data centers. It represents a potential peer/competitor at the cooling-infrastructure layer and could disintermediate the cooling stack.
• Green Revolution Cooling (GRC): GRC is Novel Therm's immersion-cooling partner and also sells its patented dielectric liquid cooling solution to other data center operators. Like Submer, it is both collaborator and adjacent competitor at the cooling technology layer.
• NScale: NScale builds sustainable, sovereign AI data center infrastructure in the UK and Europe, focused on GPU compute for AI customers. It is an emerging competitor targeting the same sustainability-anchored HPC narrative as Novel Therm.
• Voltage Park: Voltage Park operates a large fleet of GPU servers dedicated to AI infrastructure as a service, often via short-term or burst rentals. Its product overlap with Novel Therm's bursting HPC service is direct for compute-hungry enterprise workloads.

Direct peers

• CoreWeave: CoreWeave is a GPU cloud built for HPC and AI workloads, offering on-demand access to large NVIDIA compute fleets. It competes with Novel Therm for the same enterprise burst-compute customer base, differentiated mainly by GPU specialization versus Novel Therm's CPU and energy-source focus.
• Crusoe Energy: Crusoe builds data centers powered by otherwise-wasted energy (originally flare gas, increasingly renewables) for HPC and AI workloads. It shares Novel Therm's thesis of co-locating compute with stranded/clean energy and competes for the same 'green compute' enterprise narrative.
• Applied Digital: Applied Digital develops large-scale data center campuses with renewable energy focus and provides GPU cloud hosting for AI/HPC. It overlaps directly with Novel Therm on sustainable, high-density compute for AI/ML training and inference workloads.
• Lambda Labs: Lambda provides GPU cloud and on-prem clusters purpose-built for AI and HPC, including a pay-as-you-go bursting model. Its usage-based HPC offering mirrors Novel Therm's bursting product for variable workloads.

Others

• Thermotech Energy Systems, LLC: Thermotech is Novel Therm's sister company and the licensor of the modified hydraulic Stirling engine patent. It sits upstream in the same value chain as the IP owner and power plant supplier to Novel Therm's data centers.

Broad incumbents

• Equinix: Equinix is the largest global colocation and interconnection provider, offering dense connectivity and enterprise-grade data center capacity. It competes indirectly by offering HPC-adjacent colocation services with the metro connectivity Novel Therm's remote geothermal sites lack.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@noveltherm
• Facebookfacebook.com/noveltherm
• Instagraminstagram.com/noveltherm
• Xtwitter.com/noveltherm

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novel Therm