New project will tap geothermal energy by fracturing hard rock more than two miles deep to extract its heat. AltaRock, founded by Susan Petty, a veteran geothermal researcher, has secured more than $36 million from the Energy Department, several large venture-capital firms, including Kleiner Perkins Caufield & Byers, and Google. AltaRock maintains that it will steer clear of large faults and that it can operate safely.
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