- Dandelion Energy, a Peekskill, N.Y.-based home geothermal company, closed a $30m Series B round of funding, bringing total funding to $65m
- The round was led by Breakthrough Energy Ventures with participation from existing investors
- This company intends to use the funds to expand operations, while continuing to invest in research and development
- Dandelion provides a geothermal heating & cooling system to reduce a home’s carbon emissions while eliminating the need to buy heating fuel
- The company’s business model aligns federal, state, and utility incentives so that homeowners can upgrade to geothermal for less than they’re currently paying to heat and cool their home
- This news follows a momentous 2020 year for the company, marked by a $12m Series A-1 in January 2020 and an expansion of operations into Connecticut
