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Controlled Thermal Resources

Controlled Thermal Resources

Private
Imperial, CaliforniaEnergy & Sustainabilityhttps://www.cthermal.com/

Last Round

Reverse Merger

Mar 9, 2026

Est. Valuation

$4.7B

Total Funding Raised

$134.46M

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Controlled Thermal Resources is a renewable energy and critical minerals company that develops geothermal power and sustainable lithium extraction projects.

Sector

Energy & Sustainability

Verticals

Renewable Energy, Energy Storage, Advanced Materials, Cloud Infrastructure

Business Model

B2B

Customer Profile

Government Contracts, Services & Consulting, Data as a Service

AI Layer

Infrastructure

Keywords

geothermal powerlithium extractiondirect lithium extractionDLEbattery-grade lithiumbaseload renewable energydata center infrastructurepower purchase agreementPPAcritical mineralsgeothermal brinegreen energyclean techenergy storageAI infrastructurerenewable energy developer

Historical Pricing

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Caplight Momentum Score

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Controlled Thermal Resources Comparables

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Controlled Thermal Resources comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Vulcan Energy Resources Ltd
79%
EnergySource Minerals
77%
Standard Lithium Ltd.
67%

Controlled Thermal Resources Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Reverse MergerMar 9, 2026
GrantApr 26, 2024
Early FundingFeb 1, 2024
Corporate FundingAug 17, 2023
Corporate FundingJul 2, 2021
Grant
Jun 22, 2020

Key People

Founding team and executive leadership

Rod Colwell

Chief Executive Officer

Executive Team

Eric Thayer

Member Board Of Directors, Chief Financial Officer

Executive Team

Rob Moore

Chief Operating Officer

Executive Team

Controlled Thermal Resources Investors

Notable investors and investment history

Controlled Thermal Resources investors
InvestorRounds
Plum Acquisition Corp. IVReverse Merger
State of CaliforniaGrant
California Energy CommissionGrant

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 9, 2026

    Plum Acquisition Corp. IV to merge with Controlled Thermal Resources.

  • Jan 29, 2026

    Attended the Baker Hughes Annual Meeting on January 29, 2026.

Controlled Thermal Resources Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Controlled Thermal Resources Filings

SEC and related filings with document metadata.

Appears On

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Firmographic Details

HeadquartersImperial, California
Employee Range29
Year Founded2012
Last FundingMar 9, 2026

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