Geothermal HVAC startup Bedrock Energy raises $12M

From Austin Inno.

On a frigid day in January, it might be hard to imagine that there’s plenty of energy beneath the ground to keep people warm (or, conversely, cool in the summer). But there is, although tapping into it with geothermal heat pumps is no simple feat.

That’s where Austin, Texas-based Bedrock Energy Inc. comes in. The startup, led by co-founder and CEO Joselyn Lai, has developed new ways to design geothermal systems, as well as automated boring to go deep enough to find the stable…