Drilling startup ThermaSource acquires Tecton Geologic
ThermaSource, a Santa Rosa, Calif. company that does drilling and other construction services for the growing geothermal power industry, has acquired Tecton Geologic of Windsor, Calif.
Less than a month ago, ThermaSource announced a $41.5 million funding. The company’s prospects appear to be rising, along with geothermal, which is gaining recognition as a good energy source.
No acquisition price was disclosed for Tecton, which has 17 employees.
Next Story: TC50: VideoSurf debuts search engine for video
Previous Story: Roundup: DEMO gods announced: Plastic Logic wins, lots of hardware launched, Google antitrust probe again
About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.