Historically, the major constraint on expanding geothermal energy was the risk associated with the discovery phase of development. Developers may spend large amounts of money on exploratory surveys and drilling, only to fail to locate a commercially viable geothermal resource, thereby limiting their ability to raise capital for additional projects. Thus, decisions made in the exploration phase often rely on incomplete information, such as surface temperature anomalies, past well completions, and limited geological history. As a result of the funds received, the company will be able to transition from the exploration phase of its development program to the development phase of its program. This funding event represents a significant milestone in the transition of geothermal from a small, niche resource to a scalable component of clean energy planning.