Geopolitics Alpha

Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal

Published . Updated .

Geothermal startup Mazama is drilling three miles underground to tap superhot rock, with one well capable of generating 15 MW of electricity 24/7.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • OXY Occidental Petroleum

    Oil producers earn more when crude prices rise

  • COP ConocoPhillips

    Oil producers earn more when crude prices rise

  • VLO Valero

    Refiners' profits move with crude and fuel prices

  • MPC Marathon Petroleum

    Refiners' profits move with crude and fuel prices

  • XOP SPDR S&P Oil & Gas Exploration

    A fund of oil and gas producers

  • XLE Energy Select Sector SPDR

    A fund of energy companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • OIH VanEck Oil Services

    Oilfield services rise when drilling follows oil prices

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XOM———————
CVX———————
OXY———————
COP———————
VLO———————
MPC———————
XOP———————
XLE———————
USO———————
OIH———————

Geothermal startup Mazama is drilling three miles underground to tap superhot rock, with one well capable of generating 15 MW of electricity 24/7.

Source: TechCrunch

Pgim Rock Etf Tr (AUGP) since this story, compared with the market

Since the first closing price after “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal,” Pgim Rock Etf Tr (AUGP) is -0.13%. The S&P 500 fund (SPY) is -0.89% over the same days, a +0.76% difference versus the market.

AUGP
SPY

Who gains and who loses around Pgim Rock Etf Tr (AUGP)

Companies carried with this story

  • AUGP Pgim Rock Etf Tr

    Pgim Rock Etf Tr (AUGP) is linked, with no stored direction, medium confidence in the 18 Sep 2026 story “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal.” Reason on file: GA selected AUGP as a RELATED security because its canonical security name directly matches this event's themes: rock. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BREW Corgi Etf Tr I Coffee & Energy

    For “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal,” Corgi Etf Tr I Coffee & Energy (BREW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BREW as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BUFP Pgim Rock Etf Tr

    For “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal,” Pgim Rock Etf Tr (BUFP) is linked, with no stored direction, medium confidence. Reason on file: GA selected BUFP as a RELATED security because its canonical security name directly matches this event's themes: rock. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FAN First Trust Global Wind Energy Etf

    In “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal,” First Trust Global Wind Energy Etf (FAN) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAN as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FRNW Fidelity Clean Energy Etf

    For “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal,” Fidelity Clean Energy Etf (FRNW) is linked, with no stored direction, medium confidence. Reason on file: GA selected FRNW as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • IBAT Ishares Energy Storage & Materials Etf

    In “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal,” Ishares Energy Storage & Materials Etf (IBAT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBAT as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Pgim Rock Etf Tr (AUGP)

Pgim Rock Etf Tr (AUGP) is the company in “Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal,” the 18 Sep 2026 this story story.

For Pgim Rock Etf Tr (AUGP), the reason on file says GA selected AUGP as a RELATED security because its canonical security name directly matches this event's themes: rock. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

A second company, Corgi Etf Tr I Coffee & Energy (BREW), is listed for a different reason: GA selected BREW as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Pgim Rock Etf Tr (AUGP), and the dates in the story

AUGP traded between 33.82 and 34.42 across 20 sessions. The latest close on file is 34.12. BREW traded between 25.07 and 27.93 across 7 sessions. The latest close on file is 25.07. BUFP traded between 32.74 and 33.29 across 20 sessions. The latest close on file is 33.06.

A simple score for Pgim Rock Etf Tr (AUGP)

46 out of 100

“Khosla-backed Mazama Energy just raised $135M to drill deeper into super-hot-rock geothermal” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.