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Cyrq Energy
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Developer of geothermal power plants; formerly known as Raser Technologies

Founded in 2003
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Company type Out of Business Public ()
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Industry Group energy & power

Sector geothermal

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Provo, UT Provo, United States
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Updated by Cleantech Group on 07/29/2021

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Date Company
12/27/2011

Ormat Technologies Ormat Technologies

Ormat has signed a $22.7 million EPC contract with Cyrq to build an energy converter for Cyrq's geothermal project in Utah.

Confirmed by Ormat Technologies

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Date Investors Type Amount
07/29/2020 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
Funding came from the Frontier Observatory for Research in Geothermal Energy (FORGE) initiative and will be used for a combination of stimulation technologies to improve the permeability of well 16-29 at the Patua Geothermal Field in Churchill County, NV in order to boost electricity generation at the power plant.
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