Rodatherm Energy Corporation (Rodatherm) and Fulcrum Point Holdings (Fulcrum Point) have announced a memorandum of understanding to explore the development of next-generation geothermal energy projects in Utah.
The project partners will initially target the development of a 10-MW geothermal development in the Brigham City area, with potential of phased development of up to 200 MW of total generating capacity. Construction is targeted to being by the first quarter of 2027.
Under the agreement, Fulcrum Point and Rodatherm intend to collaboratively lead project development, strategic planning, financing, government and community engagement, and long-term operational planning. Through Fulcrum Point, Hi Tech Solutions will support plant operations, maintenance and technical services, and help develop the skilled workforce necessary to support the projects. Rodatherm will lead the development of the geothermal resource including project design, permitting, technology deployment and geothermal operations planning.
“This collaboration represents a transformational opportunity for Box Elder County and the State of Utah,” said Curtis Cook, President and CEO of Rodatherm Energy Corporation.
“By combining Rodatherm’s patented Waterless Geothermal Systems™ technology and Fulcrum’s integrated development platform, we can deliver energy security that supports Utah’s long-term economic growth.
Rodatherm is a geothermal developer, owner, and operator whose proprietary Waterless Geothermal Systems™ technology uses closed-loop architecture and an organic working fluid to achieve 50% higher efficiency than water-based binary-cycle geothermal systems at lower operating and maintenance costs. The company is pursuing projects throughout the Western United States, especially in Utah and Idaho.
In 2025, the company announced the closing of a USD 38 million Series A funding round. It is also the recipient of an $8 million grant from Emissions Reduction Alberta, alongside a few other geothermal companies.
“Utah’s growing energy needs will require multiple sources of reliable and locally produced power,” said Chris Hayter, President of Fulcrum Point Holdings and Co-Founder of Hi Tech Solutions.
“This collaboration expands our energy partnerships into geothermal and brings another important technology into the state’s energy ecosystem, which supports Governor Cox’s Operation Gigawatt initiative. By combining Rodatherm’s geothermal expertise with HTS’s engineering, operations, maintenance and workforce capabilities, we can help develop projects that create jobs, strengthen communities and deliver dependable energy for Utah.”
Based in Salt Lake, Utah, Fulcrum Point Holdings is an energy infrastructure company that develops, finances, and operates energy generation assets with a focus on power projects in the Mountain West. The partnership with Rodatherm expands upon the company’s nuclear power portfolio, with the recognition of geothermal as an important technology in diversifying Utah’s energy ecosystem.
Source: Rodatherm Energy
