Hunt Energy’s Dallas-Based Subsidiary Mantle Energy Raises $5M Seed Funding (opens original article in a new tab)

Mantle Energy, a Dallas-based geothermal startup, raised $5 million in seed funding led by 17Shoals Inc. to develop technology that converts oil and gas wells into geothermal energy sources while extracting more oil.

• Mantle Energy, a Dallas-based geothermal startup, raised $5 million in seed funding led by 17Shoals Inc.
• The company uses oil and gas wells to generate geothermal energy and extract more oil through innovative techniques.
• Mantle aims to repurpose existing oil and gas resources into low-carbon energy sources for the electric grid.