Rodatherm Energy Corporation and Fulcrum Point Holdings announced a memorandum of understanding to develop a geothermal energy project near Brigham City, targeting an initial 10-MW capacity through the use of closed-loop technology. The partnership aims to scale next-generation geothermal energy in Utah, with construction for the pilot project slated to begin by the first quarter of 2027.
Closed-Loop Technology and Partnership Roles
The collaborative effort seeks to leverage Rodatherm's patented Waterless Geothermal Systems technology, which utilizes a closed-loop architecture and an organic working fluid. According to Rodatherm Energy Corporation, this specific technology achieves 50% higher efficiency than traditional water-based binary-cycle geothermal systems while maintaining lower operating and maintenance costs. The company is currently pursuing various projects throughout the Western United States, with a specific focus on Utah and Idaho.
Fulcrum Point Holdings, a Salt Lake City-based energy infrastructure company, will work alongside Rodatherm to lead project development, strategic planning, and financing. The company focuses on developing, financing, and operating energy generation assets across the Mountain West. This new geothermal venture expands Fulcrum Point's existing portfolio, which currently includes nuclear power projects.
Phased Expansion and Workforce Support
The project is designed with a phased development strategy. While the initial target is 10 MW of generating capacity, the partners have outlined the potential for the site to expand up to a total of 200 MW. This expansion would represent a significant addition to the regional energy grid.
To support the project's technical requirements, Hi Tech Solutions will provide assistance through Fulcrum Point. Hi Tech Solutions is tasked with supporting plant operations, maintenance, and technical services. Furthermore, the company will help develop the skilled workforce necessary to sustain the projects' long-term operational needs.
Financing and State Energy Initiatives
The development strategy for the Brigham City project involves a unique approach to scaling. As TechBuzz News reported on July 23, 2026, Rodatherm and Fulcrum Point are applying a shale-drilling financing model to scale the waterless geothermal power project. This strategy involves pairing the geothermal development with Utah's ongoing nuclear buildout through a phased, cash-flow-funded energy campus strategy.
This approach seeks to diversify Utah's energy ecosystem. Chris Hayter, President of Fulcrum Point Holdings and Co-Founder of Hi Tech Solutions, stated that Utah's growing energy needs will require multiple sources of reliable and locally produced power. Hayter noted that the collaboration supports Governor Cox's Operation Gigawatt initiative by bringing new technology into the state's energy landscape.
Economic Impact and Funding
Rodatherm Energy Corporation has demonstrated significant financial backing for its technological pursuits. In 2025, the company announced the successful closing of a USD 38 million Series A funding round. Additionally, the company has been a recipient of an $8 million grant from Emissions Alberta, among other geothermal firms.
Rodatherm CEO Curtis Cook characterized the collaboration as a transformational opportunity for both Box Elder County and the State of Utah. Cook emphasized that by combining Rodatherm's technology with Fulcrum's integrated development platform, the companies can deliver energy security that supports the long-term economic growth of the region.
Long-term Regional Goals
The partnership aims to strengthen local communities by creating jobs and delivering dependable energy. By focusing on geothermal expertise and engineering capabilities, the companies intend to create a reliable energy source that integrates with the state's broader energy goals.
