“Heating and cooling buildings is the largest energy expense in real estate, and geothermal HVAC can cut that energy bill in half, improve resilience, and reduce air pollutants for residents by 90%,” said Joselyn Lai, co-founder and CEO, Bedrock Energy.
“Bedrock’s innovations make geothermal installations so affordable that real estate developers and owners across the US can generate a strong financial return and boost their property values, with just their HVAC choice. We’re grateful that our investors share our conviction about unlocking geothermal for widespread scale, and humbled that they consider Bedrock to be the right team for the challenge.”
Bedrock Energy has pioneered geothermal design and installation technologies, including advanced subsurface thermal simulation capabilities and an intelligent construction platform for geothermal borefield construction. The company’s deployment teams use these innovations to install geothermal heat pump systems for real estate owners at faster schedule, higher accuracy and performance, and stronger cost efficiencies. These systems can range from single-structure commercial buildings to connected district systems serving multiple lots. By unlocking scalable geothermal heating and cooling as a resilient, always-on category of distributed clean energy, Bedrock aims to save billions of dollars for both property owners and utilities alike.
“With lighthouse expertise from the oil and gas sector, highlighted by co-founder and CTO Silviu Livescu’s experience as the Chief Scientist of Pressure Pumping at Baker Hughes, Bedrock is poised for significant growth,” said Albert Bielinko, Titanium Ventures Alumnus. “We’ve been so impressed by Jos, Silviu, and the early lead they have established in this space."
In addition to energy savings, geothermal heating and cooling has an unparalleled impact on moderating power demand in extreme temperatures, bringing immense value to customers, utilities, and regulators alike.
“Amid the economy-wide trends of electrification across industries, reducing demand will only grow more critical in the years ahead,” said Jenny Gao at Energy Impact Partners. “We need to electrify quickly, yet deliberately; Bedrock exemplifies this approach as well as any company we’ve seen.”
In 2025, Bedrock plans to deploy new geothermal systems across Colorado, Utah, and other Mountain West states. This expansion builds upon the company’s recently completed project in Morgan County, Utah, and ongoing work on a district geothermal system coming online in 2025 for a new business park in Hayden, Colorado. The latter project is supported by the Colorado Energy Office, Colorado Department of Local Affairs, Northwest Colorado Business District, and Town of Hayden.
