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Alphabet spins out geothermal startup Dandelion
July 6, 2017 / 9:37 PM / 5 months ago

Alphabet spins out geothermal startup Dandelion

(Reuters) - Geothermal energy startup Dandelion has left Alphabet Inc’s (GOOGL.O) moonshot accelerator X to become an independent company, Dandelion CEO Kathy Hannun said in a blog post on Thursday.

    Alphabet's X project confirmed the spin-off when contacted by Reuters and said Dandelion has successfully secured an initial $2 million round of seed funding to fast-track the expansion of their operations in northeastern United States. (bit.ly/2tRMMw3)

    Dandelion will offer geothermal heating and cooling systems to homeowners, starting in the northeastern United States, according to the blog post.

    Reporting by Bhanu Pratap in Bengaluru; Editing by Shounak Dasgupta

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