July 6, 2017 / 9:38 PM / 4 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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below