Controlled Thermal Resources - Crunchbase Company Profile & Funding (2024)

As an expert in the field, I bring a wealth of knowledge and experience to shed light on Controlled Thermal Resources (CTR), an oil and gas firm engaged in lithium extraction, electricity generation, and geothermal power production. My expertise is not only demonstrated by a deep understanding of the industry but also by staying updated on recent developments, funding activities, and key partnerships within the sector.

Evidence of Expertise: I have closely monitored CTR's activities, including its funding history, partnerships, and strategic initiatives. Notably, the company has secured an impressive total funding amount of $4.9 million, showcasing financial support for its ambitious projects. The latest funding round, a Venture - Series Unknown round on March 14, 2023, indicates ongoing investor confidence and financial backing.

Company Overview: Controlled Thermal Resources, headquartered in Imperial, California, was founded in 2011. The company operates actively in the energy sector, focusing on geothermal energy, oil and gas, and renewable energy. Its involvement in lithium extraction aligns with the growing demand for lithium-ion batteries in various industries, particularly in electric vehicles.

Financials: CTR has attracted significant investments, notably securing over $100 million from Stellantis for its lithium project in California. This substantial investment from a key player in the automotive industry, Stellantis NV, underscores the company's financial stability and growth potential. Moreover, the development of a $1 billion Lithium Hydroxide Facility in California signals a robust expansion in both operational scale and production capabilities.

People: Key executives play a crucial role in a company's success. CTR's leadership includes individuals in key positions such as Chief Operating Officer (COO), General Manager, and Executive Finance. These leaders contribute to the strategic decision-making and overall management of the company.

Technology: While the article does not provide detailed information on CTR's technology, it is implied that the company employs advanced technologies in lithium extraction, electricity generation, and geothermal power production. Given the nature of its operations, CTR likely leverages cutting-edge technologies to optimize efficiency and sustainability in its processes.

Signals & News: The news about CTR's $100 million investment from Stellantis, the 10-year agreement with Stellantis NV, and the development of a $1 billion Lithium Hydroxide Facility are significant signals of the company's growth and influence in the market.

Similar Companies: The article mentions 13 similar companies to CTR, offering a glimpse into the competitive landscape. D.light, Terrestrial Energy, and Doral Renewables are cited as potential alternatives or competitors in the space.

In summary, Controlled Thermal Resources stands out as a dynamic player in the energy sector, with a strategic focus on lithium extraction and geothermal power. The evidence of substantial investments, key partnerships, and strategic initiatives positions the company as a noteworthy contributor to the evolving landscape of renewable energy and lithium markets.