U.S. Geothermal

Geothermal energy (geo meaning "earth" and thermal meaning "heat") is energy recovered from the heat of the earth's interior. Geothermal heat can appear in the form of volcanoes, hot springs and geysers. The high temperatures in the earth's interior are a result of heat trapped during the formation of the planet, as well as the decay of naturally occurring radioactive elements. Temperatures below the surface can reach 4,200° C, decreasing to 650 - 1200° at depths of 80km-100km. Through the deep circulation of groundwater and the intrusion of molten magma into the earth's crust at depths of only 1km-5km, the heat is brought closer to the earth's surface. The molten rock then heats the surrounding groundwater, which is forced to the surface in certain areas in the form of steam or hot water (i.e. hot springs, geysers). The heat energy close to or at the earth's surface can be utilized as a source of energy.
Company Growth (employees)
Boise, US
Size (employees)
44 (est)
U.S. Geothermal was founded in 2003 and is headquartered in Boise, US

Key People at U.S. Geothermal

Doug Glaspey

Doug Glaspey

John Walker

John Walker


U.S. Geothermal Office Locations

U.S. Geothermal has an office in Boise
Boise, US (HQ)
390 E Parkcenter Blvd, Ste 250

U.S. Geothermal Metrics

Summary Metrics

Founding Date


Total Funding

$33 m

Latest funding size

$3 m

Time since last funding

over 6 years


U.S. Geothermal's latest funding round in February 2011 was reported to be $3 m. In total, U.S. Geothermal has raised $33 m

U.S. Geothermal Financial Metrics

Cash (31-Dec-2016)

$15.3 m
FY, 2013FY, 2014FY, 2015FY, 2016


$28.7 m$13 m$8.7 m$15.3 m

Accounts Receivable

$4.1 m$3.8 m$3.8 m


Current Assets

$37 m$23.4 m$18.8 m$29.6 m


$167.7 m$170.3 m

Total Assets

$232.8 m$232.9 m$228.2 m$243.4 m

Accounts Payable

Current Liabilities

$5.8 m$6.2 m$8.7 m$6.5 m

Non-Current Liabilities

$99.2 m$95.8 m$91.1 m$105.4 m

Total Liabilities

$105.1 m$102 m$99.8 m$111.9 m

Additional Paid-in Capital

$100.4 m$103.7 m$118.1 m$121.9 m

Retained Earnings

($30.9 m)($19.3 m)($17.4 m)($17 m)

Total Equity

$127.7 m$130.9 m$128.4 m$131.6 m

Financial Leverage

1.8 x1.8 x1.8 x1.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$4.1 m$14.9 m$5 m$3.6 m

Depreciation and Amortization

$6.5 m$6.2 m$6.3 m$6.4 m

Accounts Receivable

$7.6 k


Accounts Payable

Purchases of PP&E

($13.9 m)($3.7 m)($6.6 m)($9.4 m)

Interest Paid

$7 m$4.1 m$3.8 m$4.1 m
Y, 2016

Financial Leverage

1.9 x

U.S. Geothermal Online Presence

U.S. Geothermal Company Life

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