Geothermal startup raises $22M for factory-built turbines

Critical Energy, a Los Angeles startup founded by a former SpaceX engineer, raised $22 million to build factory-made, container-sized geothermal turbines. The funding includes a $19 million seed round co-led by Susa Ventures and Upfront Ventures, plus $3 million in venture debt from Silicon Valley Bank. The company aims to cut power plant construction from 18-24 months to weeks.