AltaRock Energy was founded in 2007 by Aaron Mandell and Susan Petty. The company has not publicly endorsed plans to participate in an IPO.
AltaRock Energy is geothermal energy company developing enhanced geothermal systems (EGS) that will generate clean, renewable power. A 2006 MIT paper concluded that EGS could provide more than 100 gigawatts of energy in the United States by 2050. As of 2023, AltaRock has active projects in Oregon and Nevada. The company has raised more than $35 million in venture capital funding from investors including Google, Vulcan Capital, Kleiner Perkins, and Khosla Ventures. AltaRock has not disclosed valuation figures.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
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The stock price for Altarock Energy will be known as it becomes public. Here are similar public companies: First Solar (NAS: FSLR), Chevron (NYS: CVX), General Electric (NYS: GE).
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Altarock Energy is a private company and not publicly traded.
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